Exchange Bank of Missouri v. Gerlt

MARK D. PFEIFFER, Judge.

Exchange Bank of Missouri (“the Bank”) appeals the judgment of the Circuit Court of Howard County, Missouri (“trial court”), in favor of Gordon and Willa Gerlt (“the Gerlts”) on the Bank’s claim for an alleged deficiency balance related to a promissory note in default. We affirm.

Factual and Procedural Background1

The Gerlts executed a $46,500 promissory note with the Bank in January 2005. *133The promissory note was secured with the following collateral: a 1996 Dodge Dakota pickup truck; a 1967 Ford pickup truck; a 1999 Kawasaki ATV; and a 1978 logging truck. In October…