Midstates Bank, N.A. v. LBR Enterprises, LLC

CourtCourt of Appeals of Iowa
DecidedMay 12, 2021
Docket20-0336
StatusPublished

This text of Midstates Bank, N.A. v. LBR Enterprises, LLC (Midstates Bank, N.A. v. LBR Enterprises, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Midstates Bank, N.A. v. LBR Enterprises, LLC, (iowactapp 2021).

Opinion

IN THE COURT OF APPEALS OF IOWA

No. 20-0336 Filed May 12, 2021

MIDSTATES BANK, N.A., Plaintiff-Appellee,

vs.

LBR ENTERPRISES, LLC, Defendant-Appellee,

and

EDWARD A. TOMAS and BARBARA E. TOMAS, Defendants-Appellants. ________________________________

EDWARD A. TOMAS and BARBARA E. TOMAS, Cross-Claim Plaintiffs-Appellants,

LBR ENTERPRISES, LLC, Cross-Claim Defendant-Appellee.

Appeal from the Iowa District Court for Ringgold County, Bradley McCall,

Judge.

A husband and wife appeal the grant of reformation of a warranty deed

based on an alleged scrivener’s error. AFFIRMED.

Brett T. Osborn, West Des Moines, for appellants.

Aimee K. Cizek and Travis J. Marr, Omaha, Nebraska, for appellee.

Heard by Bower, C.J., and Tabor and Ahlers, JJ. 2

TABOR, Judge.

This case involves a dispute over the reformation of a warranty deed that

reserved to the sellers, Edward and Barbara Tomas,1 a life estate in 234 acres of

farmland. That deed was the product of a purchase agreement that specified the

life estate was only in “the house which they currently reside.” Midstates Bank

financed the purchase from the Tomases and took a mortgage on the property to

secure its loan. Upon discovery of the discrepancy between the purchase

agreement and the deed, Midstates petitioned for reformation. The mortgagee

bank alleged the deed contained a scrivener’s error and did not reflect the true

intent of the parties. Agreeing with that contention, the district court reformed the

deed to reflect the life estate as described in the purchase agreement.

The Tomases now appeal, raising five issues: (1) the mortgagee lacked

standing to seek reformation; (2) the mortgagee did not offer sufficient proof that

the deed contained a scrivener’s error; (3) the doctrine of merger should have

precluded reformation; (4) the district court erred in allowing the buyer to testify on

behalf of the mortgagee; and (5) the mortgagee was not entitled to rental income

from the farm. Finding no merit in these contentions, we affirm.

I. Facts and Prior Proceedings

The Tomases owned two tracts of Ringgold County farmland as joint

tenants. The real estate consisted of a 202-acre farm and a thirty-two-acre

homestead.2 Their oldest son, Eddie, farmed the land for the first year. After that,

1We will refer to the couple as the Tomases. 2The Tomases designated the thirty-two-acre tract as their homestead in April 2019, six months before trial. 3

the Tomases leased their farmland for rental income. Eddie provided custom

farming services in the area and operated a small trucking business.

Eddie met Steve Berendes in 2011 while working on a farm that Berendes’s

company had financed. That year, Berendes and three partners had formed LBR

Enterprises, LLC, to contract with farmers around Ringgold County and finance

their operations. After crossing paths on different farms, Eddie and Berendes

developed a close working relationship. Later, after becoming LBR’s sole owner,

Berendes hired Eddie. With Eddie’s help, Berendes converted LBR into a cattle-

feeding business.

In early 2013, the Tomases were searching for a new farming tenant.

Knowing his parents relied on rental income, Eddie asked Berendes if he would be

interested in renting his parents’ farmland to expand LBR’s operations. Within a

few months, the conversation evolved from renting the Tomases’ farmland to

buying it. When asked what prompted the change, Berendes explained:

I really didn’t have any interest in purchasing any ground over there per se, but in getting to know [Eddie] and stuff, he made me aware that his parents really needed to sell the ground, that they were having difficulty making the payments, that they were late on their taxes, and that the current renters on the property sure weren’t doing the property any good.

So Eddie and Berendes discussed a deal. Eddie explained his parents were willing

to sell their property but with a caveat—they wanted to continue living on the farm.

Berendes responded, “All we have to do is give them a life estate in that

farmhouse, and so long as they’re able to live on their own out in the country, they

can have it.” The Tomases agreed to this arrangement. 4

Berendes and Eddie negotiated a purchase price of $655,200, notably less

than the appraised value of $971,200. Barbara explained she was willing to accept

the lower offer because her end goal was to help Eddie buy the farm when he

acquired an ownership interest in LBR. She added: “And at that point, the life

estate would not be—I don’t know what the word is I want—would not be enforced,

but we’d still be able to live there because Eddie’s not going to kick us off.”

According to Berendes, Barbara visited his office once that summer to go

over their agreement. They had never met before to discuss the transaction

because Eddie acted as an agent for his parents. Berendes recalled reassuring

Barbara that she could stay in her home as a life estate holder. Berendes

continued:

And I also mentioned that there might be a possibility that maybe we should get [the life estate] measured off so that we knew exactly, you know, how much around the house, she had a garden there and stuff, was included in that so we didn’t have any problem and that we get right of way to go and feed our livestock on the main lane.

During that same conversation, Berendes said he offered to conduct a survey of

the anticipated life estate, but she declined. He estimated the life estate would

span two acres. Barbara denied having that conversation.

In August 2013, Berendes drafted the purchase agreement. The first

paragraph provided:

Property consists of 234 acres more or less in two tracts. The offer is for 655,200.00. This is to be paid first to current mortgage holders to pay off that debt, then to satisfy all taxes currently owed and due, as well as any prorated taxes paid by seller of property to the date of transfer, and then an amount to cover current capital gains taxes due to this sale. Any remaining balance will be put on a promissory note which will be a second Mortgage equal to the amount owed after the heretofore debts have been satisfied. 5

The second paragraph addressed the life estate:

LBR Enterprises agree to grant a life estate to Edward and Barbara Tomas in the house which they currently reside on the property until such time as they decide to move, at which time the house will then revert to the ownership of LBR Enterprises. Edward and Barbara Tomas will pay for the electric and water utilities to said residence until they move.

Berendes signed the agreement, and then Eddie delivered it to his

parents. They each signed it the same day. The Tomases did not object to the

agreement as written. But Barbara later said she had different terms in

mind. When asked what she believed the life estate entailed, Barbara replied: “My

understanding was it meant that we had the right to live on the thirty-two acres, get

the income off of it and have it until we both had passed.” Berendes insisted those

terms were not in the purchase agreement because he and Eddie never discussed

the thirty-two acres as part of the deal.

Later that fall, Eddie and Berendes met with David Klasna, an agricultural

loan officer and senior vice president of Midstates Bank.3 Berendes asked for a

loan amount that could pay off the Tomases’ mortgage on the property, as well as

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