Federal Land Bank of Omaha v. Miller

CARDINE, Justice.

This appeal involves a question of priority of mortgages covering the same real property. Appellant Federal Land Bank of Omaha appeals the trial court’s determination that its mortgage was superior up to the amount of $360,000.00 and no more.

We dismiss the appeal.

On December 16, 1977, Teri Carroll purchased ranch property of Jeanne C. Miller for a total purchase price of $500,000.00. At closing, Teri Carroll executed a promissory note in the amount of $160,000.00 payable to Jeanne C. Miller, secured by a mortgage upon the ranch, and executed a promissory note in the amount of…