Security State Bank v. Taylor

HARRIS, Justice.

Defendants raise a number of due process claims in this farm mortgage foreclosure suit. The trial court rejected them and ordered foreclosure. We affirm.

Defendants Frank and Mary Taylor borrowed $293,000 from plaintiff Security State Bank. They gave the bank a promissory note for that amount, secured by a mortgage on their farmland and a security interest in livestock and other personal property. The bank later assigned a portion of the loan and security to the other plaintiff, Central State Bank. The Taylors thereafter defaulted on their note, precipitating this action to…