OPINION
NAUMAN S. SCOTT, Chief Judge.
Plaintiff, the Pillsbury Company (Pillsbury) filed suit on July 11, 1979, to foreclose on a collateral mortgage that was executed by defendant Fred Huenefeld, Jr. (Huenefeld), to secure his obligation under a continuing guaranty agreement. That agreement was entered into for the purpose of ensuring the performance of Riverport Terminal, Inc. (Riverport), a now defunct grain storage facility, in its obligation to purchase...
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