Knudson v. Powers

This is an appeal from an order made upon the final report of a receiver who was appointed in an action to foreclose a real estate mortgage on property in the city of Sioux Falls, owned in equal shares 'by the defendants Wilson Powers and Dakota Land & Loan Company, a corporation. Plaintiff’s mortgage was given originally for the sum of $9,400, subject to two prior mortgages, one for $12,000 bearing interest at 7 per cent and the other for $22,500 bearing interest at 6 per cent. At the time of the commencement of the action, plaintiff’s mortgage had been reduced to $5,900 with interest at 6…