Conklin v. Thorson

Plaintiff, J. V. Conklin, is the ■ holder of a promissory note for $5,000, signed by defendant, Sam Thorson, and his wife, and which was secured by a real estate mortgage on certain lots in the town of Beloit, Iowa. During 1933, the defendant negotiated with the Federal Land Bank of Omaha to refinance certain property of his, and plaintiff, in order to accomplish the refinancing, agreed to give defendant a release or satisfaction of the mortgage he held on the ¡property in Beloit, Iowa. Negotiations for the Land- Bank loan culminated along in the forepart of June, 1934-

Plaintiff’s agent…