Wunder v. Schram

Before the commencement of the present suit, A. N. Finken, in a previous action, foreclosed a mortgage executed by N. W. Schram and Josephine Schram, the defendants-appellees in the case now under consideration. In that foreclosure proceeding, a receiver was appointed to collect the rents and profits on the mortgaged premises for the year commencing March 1, 1930, and ending March 1, 1931. See Finken v. Schram, 212 Iowa 406, 236 N. W. 408. It is important here to note that the intervenor, the Farmers Trust & Savings Bank, of Earling, Iowa, was a party to the foreclosure proceeding and…