Baldwin v. Gibson

The opinion of the court was delivered by

Johnston, C. J.:

This was an action by J. Thomas Baldwin to foreclose a mortgage executed in 1887 by James Rogers to the Lincoln Mortgage and Trust Company to secure payment of a note for $720. The mortgage and note were subsequently assigned to S. M. Disbrow, with a written guaranty of the payment of the interest coupons as they became due and of the collection of the principal within two years from the maturity of the note. Disbrow assigned them to Baldwin in July, 1907, who brought this action the following August, making Charles E. Gibson, the…