Madson v. Ballou

On June 13, 1925, defendants Chris Sonnichsen and wife executed and delivered to the Union Savings Association of Sioux Falls, a mortgage as security for the payment of a note for $2,500 on residence property in Bridgewater, S. D. On June 6, 1926, these mortgagors executed and delivered a second mortgage on the same property to the Farmers’ National Bank of Bridgewater as security for $3,992. F. B. Carter, as receiver of the First National Bank of Bridgewater, recovered a judgment against Sonnichsen for $1,516.66 and costs, and this judgment was docketed on August 19, 1927. The Union Savings…