Cunningham v. Tara State Bank

Blackburn, Judge.

Tara State Bank (the Bank) instituted suit against John Cunningham to recover on two demand notes. The trial court granted the Bank’s motion for summary judgment and Cunningham appeals.

On November 21, 1989, Cunningham executed a promissory note and security agreement in favor of the Bank in the amount of $41,412.96. The security agreement listed a Cape Dory Cutter boat as collateral and provided that the agreement was given to “secure the payment and performance of each and every debt, liability and obligation of every type and description which Debtor may now or at any time…