Smith v. Union State Bank

SHIELDS, Judge.

Paul Eugene Smith, Eileen Smith and S. Paul Smith (deceased) (Smiths) appeal the trial court's judgment for $356,-171.84, interest and attorney fees in a foreclosure action brought by the Union State Bank (Bank). The Smiths allege several errors in the trial court's determination of their liability on nine promissory notes executed between 1968 and 1981 to finance their farming operations. The issues 1 on appeal as restated by this court are:

I. whether a cause of action for default on two participation notes had accrued at the time of suit?

II. whether two participation notes…