Sullivan v. Federal Farm Mortgage Corp.

This was a suit by “the Federal Farm Mortgage Corporation, acting by and through the Land Bank Commissioner, acting under the authority of the act of Congress, approved May 12, 1933,” against the administratrices of the estate of Mrs. Flora Bailey, deceased. It was alleged in the petition, that on April 26, 1934, Mrs. Flora Bailey executed and delivered to the Land Bank Commissioner the note sued on for $1540; 'that the maker of the note defaulted in certain payments due thereon, and the land held as security for the note was sold under foreclosure proceedings for $300, which, together with…