Betz v. Swanson

I. The transaction out of which this controversy arose involved the exchange of a farm in Nobles County, Minnesota, owned by appellant, for an apartment house located in Sioux City, owned by appellee. Both properties were incumbered by mortgages for large amounts. The deed executed by appellant conveying the Minnesota land contained á clause by which the grantee assumed and agreed to pay- the incumbrances thereon. Appellee prays that the deed be reformed so as to provide that the conveyance is subject to incumbrances only-, upon the ground that the clause was inserted in the deed by accident,…