Bankers' Life Company v. Horsfall

Prior to December 20, 1916, Maude M. Horsfall and her husband, Allen B., negotiated a real estate loan through the Security Bank of Pipestone, Minn. This bank was incorporated under the laws of Minnesota in 1909. A promissory note in the amount of $10,000, and a real estate mortgage to se cure that note were made out at the Security Bank of Pipestone, by its officers, which note and mortgage were executed and delivered by the Horsfalls to the Pipestone bank. The mortgage was acknowledged before a notary public at Flandreau, this state. The note and mortgage were then delivered by the…