Northwestern Fire & Marine Insurance v. Pollard

HONORABLE C. W. POMEROY, District Judge, sitting in place of MR. CHIEF JUSTICE CALLAWAY,

absent on account of illness, delivered the opinion of the court.

Plaintiff commenced this action to foreclose a mortgage on real property securing a principal note and one of five interest coupons. The defendant First National Bank of Winifred answered, seeking to share in the proceeds of the sale of the mortgaged premises to the extent of -the other four interest coupons owned by it. The trial court found against the contention of the defendant, and it appealed from the judgment. The note and mortgage…