Brees v. Anderson

Taylor, O.

In 1919 and for some years prior thereto, defendants owned and occupied a farm of 97 acres a few miles from Estherville, Iowa. In the summer of 1919 plaintiff, a resident of Estherville, purchased a farm of 280 acres in Martin county, Minnesota. In September, 1919, plaintiff and defendants made a contract to exchange properties, and on January 2, 1920, carried out the contract by exchanging deeds. As a part of the transaction, defendants assumed a first *124mortgage on the Martin county farm and gave plaintiff a second mortgage thereon for the sum of $7,000. In October. 1921, plaintiff…