Sekutera v. Mason State Bank (In Re Sekutera)

MEMORANDUM OPINION

TIMOTHY J. MAHONEY, Bankruptcy Judge.

This adversary proceeding concerning the extent and validity of a security interest was tried on April 22, 1986.

Facts

1. Debtors filed a Chapter 11 petition on May 29, 1985. Debtors are farmers.

2. On or about February 7, 1979, debtors executed a combined financing statement security agreement granting a security interest in:

“ ‘collateral’, whether now owned or hereafter acquired by the debtor: all equipment, including but not limited to all farm equipment, tractors, machinery and implements, all farm products, including but not limited to…