Hawkeye Life Insurance v. Valley-Des Moines Co.

Albert, J.-

The fact situation in this case is somewhat complicated, although the legal questions involved are not very numerous.

The J. Locke Macomber Company was the owner of lot 18, division 1, in Grimmell’s addition to the town of Fort Des Moines (now a part of the city of Des Moines), in July, 1923, at which time a mortgage for $10,000 was executed by the company to one Blattenburg, who, on the 10th of July following, assigned said mortgage to the Valley National Bank. The mortgage and assignment were duly recorded.

At the regular tax sale in December, 1926, this property was sold, and was…