Kiewel Securities Co. v. Knutson

1 Reported in 211 N.W. 1. The appeal is from a decree and deficiency judgment rendered in a mortgage foreclosure action.

The complaint alleged that defendants Knutson executed their promissory note on July 25, 1920, for value, promising to pay to the order of plaintiff $8,800 on or before June 28, 1929, with interest at 6 per cent payable annually. To secure payment thereof Knutsons executed a mortgage on 240 acres of land in Morrison county, Minnesota, wherein they also agreed to pay taxes. Then it was alleged that default had been made in the payment of the annual interest and taxes "and the…