Northwest South Dakota Production Credit Ass'n v. Hunt (In re Hunt)

PEDER K. ECKER, Bankruptcy Judge.

This case is before the Court on a complaint to determine the validity, priority, and extent of liens filed by Northwest South Dakota Production Credit Association against the debtors, Everett and Melinda Hunt, and Everett’s mother, Jennie Hunt. The issue is whether the delivery and recordation of a deed extinguishes the security interest of the seller created in the same land under a prior contract for deed.

Prior to January 17, 1980, Jennie Hunt and her husband, Ennis, who has since died, owned the land which is the subject of this action. On January 17,…