Please tell me any legal issue...

Kyle and Robert work out the details of their financial relationship and Kyle moves on to other projects. Kyle needs to replace some of the agricultural equipment, especially a large Chamberlain tractor and twelve row planter that he uses in the fields to grow his produce. He has approximately $150,000 in cash to put toward the purchase price for a replacement tractor and planter, which is listed for $450,000. Feeling that he has bargained too much with Robert, Kyle goes to Winfield Bank & Trust (WB&T) and borrows $250,000 for part of the purchase. Kyle buys the tractor and planter, using the cash from WB&T, the $150,000 in cash on hand, and by drawing $50,000 on a preexisting unsecured line of credit. Kyle and WB&T execute a security agreement on February 9 and Kyle acquired the tractor and planter on February 12. On April 1, Kyle went to Fayette County National Bank (FCNB) and signed an agreement to borrow $50,000 which would be used to pay back the line of credit used in the purchase of the equipment. FCNB extended the credit to Kyle on April 3, and filed a valid financing statement on April 15. On April 10, Kyle went to Jasper Savings & Loan (JS&L) and borrowed $75,000 using the equipment as collateral. On the same day, WB&T properly filed a copy of the security agreement with Kyle. Unfortunately, an exceptional early wet and cool spring and daily high winds have caused Kyle's farming operation to fall on hard times and now, he feels that he might default on his debts involving the tractor and planter.