Central Production Credit Ass'n v. Pennewell

DOWD, Judge.

Appellants challenge the trial court’s actions regarding their counterclaims and the trial court’s judgment in respondent’s action to recover a deficiency on a note after the foreclosure sale. We affirm.

Appellants, Eugene and Emma Penne-well, were farmers who had done business with respondent, Central Production Credit Association, for many years. Respondent lending institution is part of the Federal Farm Credit System. Appellants routinely obtained loans, in the form of lines of credit, from respondent. When a loan became due, appellants would refinance it with a new loan. On…