Security Bank & Trust Co. v. Citizens National Bank of Linton

NEAL, Judge.

STATEMENT OF THE CASE

Plaintiff-appellant, Security Bank & Trust Co. (Security), appeals the decision of the Greene Circuit Court granting a motion for relief from default judgment in favor of defendant-appellee, Citizens National Bank of Linton (Citizens).

We reverse.

STATEMENT OF THE FACTS

At sometime prior to January 24, 1978, John Cary (John) executed a mortgage on certain real estate located in Greene County, Indiana in favor of Citizens as security for repayment of a loan. Thereafter, on January 3, 1986, John executed a second mortgage on the same real estate in favor of…