First National Bank v. Greene Building & Supply, Inc.

On September 25, 1981, the plaintiff-appellant, First National Bank in Ord (hereinafter bank or plaintiff), filed its petition against Greene Building and Supply, Inc., a Nebraska corporation (hereinafter referred to as the debtor); Robert R. and Betty L. Greene, husband and wife; and John M. and Lucille N. Greene, husband and wife. The petition alleged that the debtor corporation had signed two promissory notes to the bank and that the debtor had duly executed a security agreement granting a security interest to the bank in “all machinery (including automotive equipment), furniture,…