Federal Deposit Insurance Corporation v. Evelyn Gretchen Belli F/k/a Gretchen Riddell and Gretchen Riddel Ritchey

W. EUGENE DAVIS, Circuit Judge:

I

The FDIC sued Evelyn Gretchen Belli (“Belli”) for the amount due on several personal guarantees and a promissory note. Belli raised the affirmative defense that the FDIC’s claims had expired under the applicable statute of limitations. The district court rejected this defense, granted the FDIC’s motion for summary judgment and denied Belli’s motion for summary judgment. 769 F.Supp. 969 (S.D.Miss. 1991). Belli appealed. We REVERSE and REMAND.

II

From January 1981 through February 1983, Belli executed a series of continuing personal guarantees. In those documents,…