First Federal Savings & Loan Ass'n v. Thomas

This is an appeal from a judgment of the district court for Howard County foreclosing a real estate mortgage.

In December of 1979, the defendants-appellants, Kenneth L. and Elaine R. Thomas, mortgagors, delivered to First Federal Savings and Loan Association of Lincoln, plaintiff-appellee, mortgagee, a real estate mortgage on property located in Howard County. The land was described by metes and bounds. The Thomases made payments on the $40,000 promissory note secured by this mortgage until their default in April of 1983.

On December 24, 1985, First Federal filed a petition to foreclose the…