First Security Bank, Morristown v. Skjoldal

WINANS, Justice.

Respondent bank in this case brought an action against defendants on August 6, 1973, seeking foreclosure of a chattel mortgage and foreclosure of a real estate mortgage and the determination of the rights and interests of the various parties involved. Appellants Malven and Hazel Skjoldal answered deny ing all of Respondent’s allegations pleading lack of consideration and counterclaiming against Respondent for commercially unreasonable sale of mortgaged property, conversion, usury and fraud. In addition to the Skjoldals Defendant John Hancock Mutual Life Insurance Company put…