Federal Land Bank v. Ludwig

The opinion of the court was delivered by

Harvey, J.:

This was a foreclosure action. The point involved is the right of a junior creditor to redeem.

On March 31, 1941, the Federal Land Bank, hereinafter called the Land Bank, filed an action upon notes executed to it by Joseph W. Ludwig and wife and to foreclose a mortgage executed by them to plaintiff to secure the payment of the notes. The Federal Farm Mortgage Corporation, hereinafter called the Mortgage Corporation, the holder of a second mortgage upon the real property, was made a party defendant. Personal service of summons was had upon the…