Wetmore State Bank v. Courter

The opinion of the court was delivered by

Dawson, J.:

In June, 1911, R. J. Courter had a real-estate transaction with N. Rasmus whereby Courter conveyed to Rasmus a quarter section of Kearny county land subject to a mortgage for $1000, which Rasmus assumed and agreed to pay, in exchange for a house and lot inj;he city of Wetmore subject to a mortgage for $800, which Courter assumed and agreed to pay. The mortgage on the Kearny county land, which had been executed by Courter and wife, was held by The Wetmore State Bank. This mortgage was. permitted by Courter and Rasmus to mature without…