First Trust & Savings Bank of Moville v. Guthridge

SACKETT, Judge.

In this replevin action we must determine whether there is substantial evidence to support the trial court’s decision feed bunks on a farm now owned by defendant-appellant Bernice Guthridge are the property of plaintiff-appellee First Trust and Savings Bank of Moville, Iowa.

Bernice’s son Larry Guthridge gave a security interest in the bunks to plaintiff in 1988 to secure a loan. At the time the security interest was given the bunks were located on the land. Bernice at that time had a life estate in the land and her son Larry owned the remainder interest. Larry was farming the…