Lange v. Nissen

The record in this case is very hazy and indefinite as to some matters connected herewith, but the following facts gathered from the record summarize the situation out of which this litigation grew.

In the year 1918, one John A. Peterson executed a contract of exchange with one M. P. Conway, by which Peterson was to have conveyed to him about 280 acres of land in Adams County, Iowa, subject to three mortgages, aggregating $23,600; and in return, Peterson conveyed certain property in Elkhorn, Iowa, and paid Conway $5,000, and executed another mortgage on said property for $12,000. Peterson…