Bogart v. United States

In this case, James H. and Yvonne Lathrop (the Lathrops) as mortgagors, on August 1, 1960, executed and delivered to Pioneer Title Insurance Company of Nevada (Pioneer), as trustee, a deed of trust to secure a note they owed to the United States (Mortgagee), in the sum of $9,280, on certain described lands containing 160 acres in Lyon County, Nevada, being the N.W. *4 of Section 17, Township 17 North, Bange 23 East, Mt. Diablo Base and Meridian; except the East 14 thereof. The deed of trust provided in paragraph 11 that after the note had been paid, Pioneer was to reconvey the property.…