Mill Owners Mutual Fire Insurance v. Petley

On December 21, 1927, the plaintiff-appellant, Mill Owners Mutual Fire Insurance Company, commenced an action against Isobel Cray MaeMahon and Charles E. MacMahon, defendants and appellees, to foreclose a real estate mortgage on 275 acres of land in Polk County, securing a note in the principal sum of $27,500, with accrued interest. Such mortgaged land is located near Youngstown, which is just outside the Des Moines city limits, and one and one-half miles from a street car line. Originally this mortgage was given by the appellee Mrs. MaeMahon to the Security Loan & Investment Company of Des…