Legal Opinion

Sibley State Bank v. Dale W. Braaksma, Danna S. Braaksma, Jesse Dale Braaksma, and Braaksma Grain Farms, Inc.

Court of Appeals of Iowa

Decided July 18, 2018No. 17-1021Published

1Opinion of the Court

TABOR, Judge.

For more than a decade, Sibley State Bank loaned money to Dale and Danna Braaksma, their son Jesse, and Braaksma Grain Farms, Inc. (collectively the Braaksmas) and secured mortgages on their farmland as collateral. This appeal involves the bank's foreclosure action commenced in 2016. The Braaksmas take issue with three district court rulings: (1) appointment of the bank as a receiver under Iowa Code section 680.1 (2017); (2) denial of their motion to continue under Iowa Code section 645.15; and (3) grant of the bank's motion for summary judgment on the foreclosure. Finding the…

2Cases cited10 opinions

  1. Holden v. Construction MacHinery CompanySupreme Court of Iowa · 1972
  2. Dobler v. BawdenSupreme Court of Iowa · 1947
  3. Federal Land Bank of Omaha v. HeerenSupreme Court of Iowa · 1987
  4. U.S. Bank National Ass'n v. LambSupreme Court of Iowa · 2016
  5. Koch v. KostichekSupreme Court of Iowa · 1987

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