Blank v. Michael

The mortgagois take the position that by their conveyance of the mortgaged premises the grantee assumed to pay t he mortgage when due; that mortgagee, with knowledge of such agreement, extended the time of payment of the mortgage and note secured thereby without mortgagors' knowledge or consent, and thereby rnortgagors were released. This question is in this jurisdiction stare dec~sis, adverse to moitgagors' contention. Corbett v. Waterman, 11 Iowa 86; Massie v. Mann, 17 Iowa 131; James v. Day, 37 Iowa 164; Robertson v. Stuhlmiller, 93 Iowa 326; Iowa Loan & Trust Co. v. Haller, 119 Iowa 645;…