Miller & Chaney Bank of Newell v. Collis

I. On July 27,1921, one Frank Libbeous Point was the owner of 95 acres of land situated in Buena Yista County, and on that date, he and his wife, Anna May Point, executed to the Federal Land Bank of Omaha a promissory note for $8,500, securing the same by a mortgage on the aforesaid land. This was an amortization installment loan, running 33 years, with semiannual payments of $297.50, and said mortgage was duly recorded on the 4th day of August, 1921.

Subsequently, this land was transferred to one Roy L. Gideonsen, and on March 12, 1925, Gideonsen and wife executed to George W. Chaney a…