Northwestern Mutual Life Insurance v. Butler

The appellee herein instituted the action to secure the foreclosure of a real estate mortgage, the property involved being a lot in Lavender’s Addition to the city of Lincoln. The bond which evidenced the indebtedness, the payment of which it was the declared purpose of the mortgage to secure, recited the sum of $20,000 as its amount, but provided for the payment of $10,000, and for the latter sum, as due on the debt, $120 paid for insurance, a stated aggregate amount of state, county, and *200city taxes, and special assessments, also $1.50 paid for extension of an abstract of title of the…