Lichty v. Federal Land Bank of Omaha

Plaintiff-appellant, Rodney K. Lichty, assigns as error the district court’s sustainment of defendant-appellee The Federal Land Bank of Omaha’s motion for summary judgment and the resultant dismissal of his action to replevin a center pivot irrigation system. We affirm.

Plaintiff’s father borrowed money from intervenor-appellee, Bruning State Bank. As collateral for this and any future loans, the father granted Bruning a security interest in “all equipment, including but not limited to all farm equipment, tractors, machinery and implements,” “whether now owned or hereafter acquired.” Although…