Audsley v. Allen

BLACKMAR, Chief Justice.

This court-tried case involves three series of transactions which may be summarized as follows:(1)Respondents Wilhelm and Allen were indebted to respondent Centerre Bank of Columbia. By the spring of 1984 the balance of $142,000 was in default. The bank made inquiries about collection. Wilhelm and Allen wanted the bank to subordinate its first deed of trust lien on Cole County farm land in order to further a transaction with others, but the bank was unwilling to accommodate them without additional security.(2) Wilhelm and Allen owned property in Columbia, Missouri,…