Bergfeld v. Farm Credit Banks of Omaha

SCHLEGEL, Presiding Judge.

William and Margaret Bergfeld appeal the summary judgment entered against them in their specific performance action. We affirm.

There are no facts in dispute. The facts as agreed to by all parties are as follows: Prior to 1986, David and Mary McAndrews owned 160 acres of land. In September of 1986, as a part of a loan settlement agreement, David and Mary transferred that real estate to the Farm Credit System Capital Corporation (Capital Corporation). The loan settlement agreement provided that if Capital Corporation obtained an offer for the purchase of the 160 acres…