First National Bank & Trust Co. v. Lygrisse

The opinion of the court was delivered by

Miller, J.:

This is an appeal by Judith Lygrisse, one of the defendants in a real estate mortgage foreclosure action commenced by the plaintiff, First National Bank & Trust Company of El Dorado, Kansas. The mortgage upon which the action is brought covered a loan of $47,000. It contains a “dragnet” or “future advances” clause. The trial judge held that the mortgage secured a debt of some $206,000 plus interest. The Court of Appeals reversed, finding that only $47,000 plus interest was secured by the mortgage. First Nat’l Bank & Trust Co. v. Lygrisse, 7…