Bain v. Washburn

The case was tried below and comes to this court upon an agreed statement of facts. From the stipulation entered into by the parties it appears that during the year 1925 Charles Gf Copeland and wife executed a mortgage upon 120 acres of land in Buchanan County to the appellant Equitable Life Insurance Company to secure the payment of a loan of $9000. Action was commenced upon the notes and to foreclose the mortgage in favor of appellant July 17, 1930. On or about May 9, 1930, the mortgagors conveyed the mortgaged premises to S. D. Uhl and also assigned to him a lease which had been previously…