Emporia State Bank & Trust Co. v. Mounkes
Kansas Supreme Court
519 P.2d 618, 214 Kan. 178 (1974)
- Written by Whitney Kamerzel , JD
Facts
Emporia State Bank & Trust Co. (Emporia) (plaintiff) loaned Mr. and Mrs. Mounkes (defendants) $12,500 to purchase a home. The mortgage signed by the parties included a dragnet clause that secured any future loans to the Mounkeses with the same mortgage. Eight years after the mortgage was given, Mr. Mounkes, on his own, borrowed $5,100 from Emporia to help his son start a business. The documents for this loan did not state that the original mortgage would be security. Instead, in the location used to identify the loan’s security, the word “sig” was recorded. The Mounkeses defaulted on their home mortgage, and Emporia brought suit to foreclose on both loans. The trial court foreclosed on both loans due to the dragnet clause in the original mortgage. The Mounkeses appealed.
Rule of Law
Issue
Holding and Reasoning (Fontron, J.)
What to do next…
Here's why 802,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 988 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.