Bonde v. Stern

This action was brought to recover money judgments against the defendants. The facts set out in the complaint may be stated briefly as follows: The defendants owned some urban property in South Dakota. They wished to borrow, with this property as security. To that end, on July 20, 1928, they executed their notes or- bonds aggregating $45,000, tbe bonds being for $500 each with interest at 6 per cent payable semi-annually. To secure these they executed and delivered a mortgage and trust deed covering the property in question to the Northern & Dakota Trust Company, a corporation, trustee. The…