Kremer v. Crase

This action is brought to foreclose a mortgage executed by the appellant and others to secure the payment of $12,000. The mortgaged property consisted of 20S acres of farm land. It is situated in the zinc region in Iowa county. The appellant, Minnie Crase, owned a portion of the mortgaged property in fee. Subsequent to the execution of the mortgage she entered into a lease-agreement with the Badger Zinc Company wherein she leased to the company the mining rights to that part of the mortgaged premises owned by her. Mining operations proceeded until royalties to the amount of $3,000 had been…