Greenleaf v. Bates

There is little dispute with reference to the facts. The Federal Land Bank of Omaha held a mortgage against Samuel J. Madison et al., upon certain real estate situated in Union County, Iowa. This land was sold on special execution, upon a judgment in favor of Security Loan & Investment Company against said Samuel J. Madison and Emma Madison on the 10th day of October, 1931, to the Farmers & Merchants Savings Bank of Crestón, Iowa, and on the 25th day of February, 1933, said bank received a sheriff’s deed to said premises. This purchase was of course subject to the prior first mortgage of the…