Stamp v. Eckhardt

This action involves a contest over a fund in the hands of Joe McClelland, a receiver duly appointed on the application of plaintiff, James Stamp, in the foreclosure of a first mortgage. The legal controversy is between the Iowa Savings Bank (appellant); a mortgagee in junior mortgages, and the intervener, E. C. Eicher, the assignee of the equity of redemption.

The undisputed facts, briefly stated, are as follows: On August 18, 1921, the plaintiff, Stamp, holder of a first mortgage on certain described Washington County, Iowa, real estate, filed his petition in foreclosure, and by an amendment…