Federal Land Bank of Omaha v. Johnson

This is an appeal from the district court for Dixon County. The district court sustained the demurrers of defendant to plaintiff’s November 21,1986, petition and to the two amended petitions which followed.

The Federal Land Bank of Omaha’s petitions alleged, in essence, that it had a security interest in crops grown on real estate owned by defendant Marlen Johnson’s brother. The security interest allegedly arose pursuant to a real estate mortgage held and recorded by The Federal Land Bank, which encumbered real estate owned by Johnson’s brother and sister-in-law.

Appellant further alleged that…