Shanda v. Clutier State Bank

Elmer Konicek, on June 20, 1932, owned and occupied a farm of 75 acres in Tama county. He was unmarried. At that time the farm was subject to a first mortgage of $4,000 to the Northwestern Mutual Life Insurance Company, and a second mortgage for $1,500 to the Clutier State Bank, the defendant and appellee herein. The second mortgage was past due since March 1, 1932, both as to the principal and the semiannual interest installment which became due at that timfe. A semiannual interest installment which became due on the first mortgage on the 8th day of May was unpaid and the taxes for the year…