Federal Land Bank v. Hanks

The opinion of the court was delivered by

Harvey, J.:

This is a suit by the holder of a note secured by a mortgage upon real property, the proceeds of which were used to pay prior mortgage liens upon the land, to be subrogated to the rights of the holders of such prior mortgages and to foreclose its mortgage as so subrogated. The material findings of fact and conclusions of law made by the trial court best tell the story of the controversy, as follows:

“1. That plaintiff, The Federal Land Bank of Wichita, First Kansas-*330Oklahoma Joint Stock Land Bank of Kansas City, Kansas, the Live Stock State…