First Security Bank Utah v. Dale M. Wright

In its original and main aspect this case is a suit by First Security Bank of Utah against Dale M. Wright on a promissory note executed in connection with the purchase of a sugar beet harvester, and to foreclose on the harvester and certain crops pledged as security. In subsequent proceedings, Zions First National Bank was made a defendant to adjudicate its asserted prior security interest (mortgage) in the crops. Based on proceedings and discovery prior to trial, Zions made a motion for and was granted summary judgment that, except for $1,500 it had agreed to subordinate to First Security, Zions interest was superior to that of First Security. The latter appeals, urging that its security agreement should have further priority over Zions for reasons discussed below.