Rist v. Andersen

The controversy in this action relates to rights of redemption from mortgage foreclosure sales. The premises in question consist of three quarter sections of land in Turner County, which for convenience are referred to by counsel as the north, middle and south quarters. The property was encumbered by several mortgages. The Federal Farm Mortgage Corporation held second mortgages on the north and south quarters and acquired by assignments the first mortgages thereon. The First National Bank of Center-ville was the holder of a first mortgage on the middle quarter and this is the tract involved…