Supreme Court of Iowa May 25, 1994, 91-1948 (West Des Moines State Bank v. Ralph's Distributing Co.)

LARSON, Justice.

West Des Moines State Bank financed a boat wholesaler called Ralph’s Distributing Company (Ralph’s) and took a real estate mortgage as part of its security. The bank obtained a decree of foreclosure, and Ralph’s appealed. We affirm.

This is a companion opinion to

Engstrand v. West Des Moines State Bank,

516 N.W.2d 797 (Iowa 1994), which is also filed today.