Sherman County Bank v. Lonowski

This is an action by the plaintiff bank for foreclosure of a real estate mortgage given to secure an indebtedness of $20,000. The District Court found that the plaintiff was entitled to foreclosure, but also found that defendant was entitled to the setoff of two jointly held certificates of deposit which the plaintiff bank had applied against her husband’s individual indebtedness after his death. The District Court found the amount due and owing to plaintiff from defendant to be $7,841.81, and ordered foreclosure. The plaintiff bank has appealed.

On May 20, 1975, Edward M. Lonowski and his…