Thompson v. Koeller

This is an appeal by the two principal defendants from a judgment against them foreclosing a mortgage upon real property given to secure'a note for two thousand dollars. The facts are:

The note and mortgage were executed by the defendant, Frederick Koeller, and his wife, Louise Koeller, the latter of whom subsequently died and the administrator of whose es-state, Walter H. Richards, is the other of the appealing defendants. The note and mortgage by their terms denote an absolute obligation to pay on the part of the Koellers, but were in fact given as collateral security for the payment of…