Stillman v. Slifer Savings Bank

The plaintiffs, George G. Stillman and Lily Stillman, were the owners of a 480-acre farm situated near the town of Slifer, in Webster county, Iowa. This farm was incumbered by three mortgages. The first and second mortgages were in favor of the defendant Slifer Savings Bank, of which the defendant Oscar Madson was the cashier, and the third mortgage was in favor of the defendant Harry J. Madson. These mortgages were foreclosed, and, after decrees had been entered, but before issuance of executions, negotiations began between the plaintiff George G. Stillman and the defendant Oscar Madson in…