North Western Mortgage Investors Corp. v. Slumkoski

This is an appeal from an order denying a motion to set aside a default judgment.

*972North Western Mortgage Investors Corporation brought the action to foreclose a real estate mortgage given to secure a promissory note.

On May 9, 1967, Bessie Slumkoski and another agreed to purchase a laundromat business from Sandquist. As a part of the transaction, Slumkoski executed and delivered her promissory note to Sandquist. By its terms the note is a negotiable instrument.

As security for the note, Bessie Slumkoski executed and delivered a real estate mortgage to Sandquist. North Western purchased the note…