James v. P.C.S. Ginning Co.

ing title in plaintiffs to real property upon which their home was located. The quiet title action was instituted to enforce a homestead filed prior to a personal judgment defendant obtained against plaintiffs and enforced by an execution sale of the real property.

The transaction began in 1965, when plaintiffs obtained financing from defendant gin to carry on their farming operations. They executed a promissory note and a crop mortgage to secure the financing. As additional collateral, they executed security agreements which were, in effect, personal property mortgages covering farming…