First National Bank Bellevue v. George P‪.‬

This is an action to recover a deficiency judgment for the balance due on a secured promissory note of the defendants, after
a sale of the collateral security. The district court sustained plaintiff's motion for a directed verdict and entered judgment
against the defendants for $9,422.88. In April 1969, the First National Bank of Bellevue consolidated two existing loans to defendants and advanced additional
cash. The secured note was for $22,200. The security agreement covered various pieces of equipment, including tractors, vehicles,
and trailers. Three monthly payments of $2,000 each were made. After default, the plaintiff replevined the equipment and disposed
of it at private sale, after notice to the defendants. Following sale and Disposition of the collateral, the plaintiff credited
the sum of $10,268.50 on defendants' indebtedness.