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IN RE DORN

No. 81-01665.

35 B.R. 334 (1983)

In re William Chalmers DORN and Jean Smith Dorn, Debtors.

United States Bankruptcy Court, D. South Carolina.

December 23, 1983.

Attorney(s) appearing for the Case

Alice S. Moore and Fred A. Gertz, Columbia, S.C., for debtors.

Lincoln C. Jenkins, III, Columbia, S.C., for FHA.

MEMORANDUM and ORDER

RUFUS W. REYNOLDS, Bankruptcy Judge.

In May of 1979 William C. Dorn borrowed $15,640.00 from the Farmers Home Administration (hereinafter "FmHA"), at an interest rate of 3 percent per year. This loan was to be repaid over seven years. The debt was secured by a mortgage on real property and a security interest in 15 items of farm equipment. Subsequently, in 1980, Mr. Dorn borrowed an additional $32,000.00 from FmHA. This loan was to be...

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