Winter v. Knaak

The following opinion was filed November 8, 1940 :

Fairchild, J.

On November 27, 1933, the respondent began an action to foreclose a mortgage against William Knaak held by her as collateral to a note. During the progress of the action and after the judgment of foreclosure was entered January 16, 1934, buildings upon the premises were destroyed by fire. The insurance money was so applied as to dispose of all but $500 due on the respondent’s note and mortgage. When this money was so applied, the foreclosure proceedings stopped and the plaintiff indorsed upon the back of the note the following…