Vernor v. SOUTHWEST FEDERAL LAND BANK ASS'N

CATHERINE STONE, Justice.

This appeal arises from a money judgment and order of foreclosure rendered in favor of appellee, the Southwest Federal Land Bank Association FLCA. We affirm.

Factual & PROCEDURAL BACKGROUND

In 1987, appellants Milburn and Gloria Vernor borrowed $130,500 from the Federal Land Bank of Texas to buy 240 acres of land in Zavala County. The Vernors executed a promissory note and a deed of trust secured by a lien on the property. The Federal Land Bank merged with another bank and became the Farm Credit Bank. The Farm Credit Bank assigned the note and deed of trust to the…