IN RE BUCKLEY

Bankruptcy No. 484-00157, Adv. No. 484-0049.

65 B.R. 283 (1986)

In re Gary Dean BUCKLEY, f/d/b/a Farmer, Debtor. UNITED STATES of America, FARMERS HOME ADMINISTRATION, Plaintiff, v. Gary Dean BUCKLEY, Defendant.

United States Bankruptcy Court, D. South Dakota.

September 30, 1986.


Attorney(s) appearing for the Case

Robert J. Haar, Asst. U.S. Atty., Sioux Falls, S.D., for plaintiff.

J. Bruce Blake, Sioux Falls, S.D., for defendant.


MEMORANDUM DECISION

PEDER K. ECKER, Bankruptcy Judge.

The defendant/debtor, Gary Dean Buckley, is a farmer. He first borrowed money from the Farmers Home Administration (FmHA) in 1980. On September 17, 1981, he executed a real estate mortgage on his real estate in Beadle County, South Dakota, in favor of FmHA. The mortgage contained a clause assigning the rents and profits of the real estate to the FmHA. The debtor...

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