Security Trust Co. v. Feist

Opinion by

Me. Justice Stern,

This, is an action to foreclose a mortgage executed by Jacob G-. Feist and Loretta S. Feist, his wife, in favor of plaintiff trust company. The mortgage was on land pur: chased in 1916 by or on behalf of Mrs. Feist for $17,200, of which plaintiff loaned $11,000, and as security took title in its own name; the debt was subsequently reduced by payments to $8,100. In 1923, at the suggestion of the State Banking Department, the title was conveyed to Mrs. Feist; she, with her husband, executed a mortgage in the sum of $8,100, which is the mortgage in suit; the property…