Peoples National Bank of McLeansboro v. Karnes (In Re Browning)

OPINION

FOREMAN, Chief Judge:

This case is before the Court on appeal from a final order entered by the Bankruptcy Court for the Southern District of Illinois on April 3, 1986.

FACTS

In January of 1983 appellant, Peoples National Bank of McLeansboro (PNB) loaned the sum of $106,000.00 to J.R. Browning and Nora Browning. In return, PNB took a security interest in the debtors’ portion of all crops “growing or to be grown” on certain tracts of debtors' land. PNB filed a proper U.C.C. financing statement.

In April of 1984, the Brownings sought funds to produce their 1984 crop. The appellee, Bank of…