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Defaulted business now being sued by bank - Vimarsana News

Defaulted business now being sued by bank

By PHYLLIS ZORN Staff writer A couple who bought property from the city of Marion in 2016 with a plan to operate a business, then defaulted on their lease payments to the city in 2018, are now being sued by Central National Bank. In a lawsuit filed April 20, the bank seeks $43,478.36 still unpaid on two commercial loans made to John L. Minor and Amy L. Minor, doing business as Central Perma Column, plus interest and costs. The bank also seeks property used as collateral on the loans as well as the costs of insuring, maintaining, disposing and preserving the collateral. The Minors signed a lea...