Penn Mutual Life Insurance v. Beauchamp

This ease was submitted to the district court on stipulated facts from which it appears that.David C. Sechler and A. M. Sechler, his wife, December 4, 1920, executed and delivered to Groves Brothers Real Estate and Mortgage Company, a real estate mortgage coupon bond for the principal sum of $6,000, together with interest at 6 per cent per annum and, to secure its payment, executed and delivered to said company deeds of trust by which they mortgaged to it two tracts of land in Missouri; that January 3, 1931, they executed and delivered to John G. Groves, trustee for said company, a real…