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PAYNE v. FEDERAL LAND BANK OF COLUMBIA

Civ. No. A-C-88-145.

711 F.Supp. 851 (1989)

Robert Haven PAYNE, Plaintiff, v. FEDERAL LAND BANK OF COLUMBIA; Mountain Federal Land Bank Association; Mountain Farm Credit Services; Maxie Love, Jr., in his capacity as President of the Federal Land Bank of Columbia; and Edwin E. Frizzell, in his capacity as Executive Vice President and Chief Credit Manager of the Mountain Farm Credit Services, Defendants.

United States District Court, W.D. North Carolina, Asheville Division.

April 17, 1989.

Attorney(s) appearing for the Case

C. David Gantt, Asheville, N.C., for plaintiff.

Steven Kropelnicki, Jr., Asheville, N.C., for defendants.

MEMORANDUM OF DECISION

RICHARD L. VOORHEES, District Judge.

THIS MATTER is before the Court on motions filed by parties to this litigation. Arguments were heard on November 7, 1988, in Asheville, North Carolina.

Plaintiff, Robert Haven Payne, is a farmer in Madison County, North Carolina. Federal Land Bank of Columbia ("Federal") came into possession of property he used to own. He had pledged it as security for a loan which went into default, at...

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