Federal Land Bank v. Christiansen

On February 18, 1927, the appellants executed to the plaintiff, which we will refer to as the appellee, their promissory note for $8,000 payable in installments over a series of years. To secure the indebtedness, they executed a mortgage on their farm. About a year later, they sold and conveyed the land to Frank Turpin, and the defendant, Fannie Alice Ahart. By the deed, 'the grantees assumed the mortgage indebtedness, and thereafter Mrs. Ahart and her husband, the defendant, IT. H. Ahart, made such payments as were made upon this indebtedness. On April 3, 1936, the Christiansens and the…