Anderson v. First Nat. Bank of Pine City

Nicholas S. Chanak, Justice. *

Plaintiffs brought this action in the District Court of Pine County to cancel a mortgage deed. Defendant appeals from a judgment in favor of plaintiffs after trial by the court without a jury. We affirm.

Plaintiffs, husband and wife, as joint tenants owned a homestead situated in Pine County. During 1970, plaintiffs desired a consolidation loan to reduce the monthly payments on other loans made to them and, for that purpose, consulted with defendant bank.

In March 1970, Mrs. Anderson went to the bank for the purpose of procuring the loan and returned home with…