First National Bank of Bellevue v. Rose

This is an action to recover a deficiency judgment for the balance due on a secured promissory note of the defendants, after a sale of the collateral security. The district court sustained plaintiff’s motion for a directed verdict and entered judgment against the defendants for $9,422.88.

In April 1969, the First National Bank of Bellevue consolidated two existing loans to defendants and advanced additional cash. The secured note was for $22,200. The security agreement covered various pieces of equipment, including tractors, vehicles, and trailers. Three monthly payments of $2,000 each were…