Bjornstad v. Penn Mutual Life Insurance

Hilton, Justice.

July 22, 1926, plaintiff, the then owner of three lots in the city of St. Paul, mortgaged them to one W. A. Warren. September 2, 1926, the latter assigned the mortgage to the defendant. Both the mortgage and assignment were recorded. April 1, 1931, defendant began foreclosure proceedings by advertisement under the power of sale contained in the mortgage, and at the sale bid in the property for the full amount claimed due on the mortgage. Plaintiff had notice of the foreclosure proceedings and the sale. The certificate of sale was recorded June 25, 1931.

In June, 1932, defendant…