Farmer v. Citizens Natl Bank of Athens (In re Davis)

Ruling: 
Holder of deed of trust had priority over trustee in settlement proceeds for damage to real property.
Issue: 
Whether settlement proceeds for damage to real property that is subject to a deed of trust are general intangibles required to be perfected under the Uniform Commercial Code or substitute collateral for damage to the value of the real property subject to the lien and having priority over the trustee?
ABI Membership is required to access the full summary of Farmer v. Citizens Natl Bank of Athens (In re Davis). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on March 30,2015, LexisNexis #0415-094