Herbold v. Sheley

I. On November 19, 1913, the appellant Tin-dall executed a note for $12,450, due March 1, 1918, with interest at 5 per cent, to Charles "W. Clark, executor, and, to secure the payment thereof, executed a mortgage upon a tract of 103 acres in Poweshiek County. Thereafter, Tindall conveyed the mortgaged premises to the appellant Sheley, who assumed and agreed to pay the indebtedness secured by the foregoing mortgage. On February 26, 1920, Sheley sold and executed a deed conveying the same premises to Percy Engle, the grantee assuming and agreeing to pay the balance of $10,000 due on the Tindall…