Hawkeye Securities Fire Insurance v. United Investment Co.

The property involved in this transaction was what is known as the Tudor Apartment building located in the city of Des Moines. On November 24, 1920, the Commercial Building & Securities Company, an Iowa corporation of which H. R. Howell was president, was the owner of said property, and on that date a first mortgage in the amount of $85,000 was executed on said property to the appellant, the Hawkeye Securities Fire Insurance Company, and a second mortgage to the Central State Bank. The fee to this property was later sold to the appellant, and appellant subsequently acquired the interest of…