First Bank Southeast, N.A., a National Banking Association, Formerly Known as Kenosha National Bank v. Predco, Incorporated

COFFEY, Circuit Judge.

Predco, Inc. (“Predco”), a New Jersey corporation, appeals from entry of summary judgment in favor of First Bank Southeast, N.A. (“First Bank”), whose principal place of business is in Franksville, Wisconsin. The district court determined that, pursuant to a guaranty agreement between Predco and First Bank, First Bank was entitled to principal and interest on industrial revenue bonds as well as attorneys’ and trustee’s fees and expenses. We affirm.

I. FACTUAL BACKGROUND

On June 1,1978, the City of Wilton, Iowa issued $1,250,000 in industrial development revenue bonds.…