Mudra v. Brown

This is the second time this case has been before this court and the second time the writer of this opinion has been assigned to set forth the views of the court. See 219 Iowa 867, 259 N. W. 773.

On March 1, 1930, appellants executed and delivered to appellee their one promissory note in the sum of $7,000. This note was secured by a first mortgage on the south half of the southwest quarter of section 33, township 72, range 30, Union county, Iowa. The mortgage provided that the owners may declare the mortgage due and foreclosure for failure to pay interest and taxes as they mature. The…