Patzwald v. Olivia State Bank

Plaintiff appealed from an order denying liis motion for a new trial. Defendant Schendel has not appeared in this court.

On October 9, 1919, defendant Schendel, owning a house and lot in Olivia, mortgaged it to defendant bank for $2,500. On March 5, 1920, the bank sold and assigned the mortgage to Levi Mitchell.

On April 5, 1920, Schendel sold the premises to plaintiff on contract for deed for $1,500, payable as follows: $1,000 cash and balance to b.e paid in seven annual payments of $500 with interest. These payments were evidenced by seven promissory notes, the last maturing April 1, 1927.…