Federal Land Bank v. Citizens Bank

This is an appeal from an order of the district court for Arthur county refusing to grant a moratory stay under *253the provisions ,of section 20-21,159, Comp. St. Supp. 1937.

The real estate involved consists of 640 acres of grazing land. The present amount due under the decree of foreclosure, including unpaid taxes, is $2,472.20. The evidence as to the value of the land is substantially as follows: S. E. Adkins testifies for plaintiff that it is worth $2,000 or less. Ray Cardwell testifies for defendant and estimates its value between $2,000 and $2,200.' The defendant states that it is worth…