Federal Deposit Insurance Corp. v. Hartwig

NEUMAN, Justice.

The parties to this farm foreclosure action each claim the right to payments made by the government through the Conservation Reserve Program (CRP). See generally 16 U.S.C. §§ 3831-36 (1988). The district court decided that the payments constitute rent payable to the receiver within the meaning of the “rents and profits” clause of the mortgages and deed of trust executed by the parties. The mortgagors have appealed and we now affirm.

Plaintiff Federal Deposit Insurance Corporation (FDIC) is the successor in interest to the Hayesville Savings Bank. Defendants Larry and Jill…