Production Credit Ass'n of Fargo v. Foss

LEVINE, Justice.

Dwight A. and Nellie J. Foss appeal from a district court judgment granting Production Credit Association of Fargo (PCA) summary judgment on its complaint and dismissing the Fosses’ answer and counterclaim and from an order denying the Foss-es’ motion for relief from the judgment. We affirm.

PCA and the Fosses entered into several loan agreements to finance the Fosses’ farming operation. As security for the loan agreements the Fosses granted PCA a security interest in their farm equipment and implements, 80 shares of American Crystal Sugar Company stock, all proceeds from sugar…