Farmers & Merchants National Bank v. Stowell

WOODWARD, J., pro tem.

This is an appeal by the defendants, N. W. Stowell and Mary J. Stowell, husband and wife, from a judgment and decree of foreclosure wherein the indebtedness of said defendants to plaintiff was determined by the trial court to be the sum of $514,787.15, and costs. The real property affected by the decree may be generally referred to as the Stowell Hotel, situated on Spring Street, between Fourth and Fifth Streets, in the city of Los Angeles.

*375Before stating the comparatively simple legal questions involved, we will briefly examine the factual background of the controversy.…