Anders v. Crowl

Plaintiff sold 40 acres of land to defendants Emma Johnson and John F. Johnson, husband and wife. The Johnsons, on March 1, 1920, executed to plaintiff note and purchase-money mortgage for $16,000, due March 1, 1930, with interest payable annually. The mortgage was a first lien on the 40 acres. Plaintiff assigned and delivered the note and mortgage to Westphalen, as collateral .security for money borrowed of Westphalen, aggregating, at time of decree, $7,240.26. Westphalen died, and the possession of the note and mortgage came to his executors, who have been brought into the case on the…