State Ex Rel. Northwestern Mutual Life Insurance v. Circuit Court of the Second Judicial Circuit

On the 14th day of December, 1916, Isaac J. Todd and others executed and delivered to the petitioner, the Northwestern Mutual Life Insurance Company, a mortgage covering certain lands in Minnehaha county, S. D., securing an indebtedness then owing by the mortgagor to the mortgagee. This mortgage contained a power of sale, as follows: “It shall be lawful for the party of the second part its successors or assigns to foreclose this mortgage by action or advertisement, as by statute in such case made and provided.” A default making operative the power of sale occurred in the conditions of the…