McBain v. Sorensen

Plaintiff’s petition asserted: On November 21, 1922, defendant Sorensen made and delivered to Annis & Rohling Company a note in the sum of $13,000, secured by a mortgage on the NW% of Section 16, Township 78, Range 37, Shelby County, Iowa, which mortgage was recorded January 19, 1923; thereafter, on January 24, 1923, Annis & Rohling Company assigned and transferred said note and mortgage to defendant Metropolitan Life Insurance Company; in truth and in fact, the Metropolitan purchased only $12,000 of the $13,000 principal of said ’ note and Annis & Rohling Company retained and reserved to…