Johnson v. Balloun

I. The vital and decisive issue in the ease is one of fact. There can be no controversy as to the law applicable, once the question of fact is determined.

The note and mortgage in suit were executed to one J. G. Johnston on March 1, 1916. In November, 1921, plaintiff became the owner of the note and mortgagé by assignment. The note bears interest at 5 per cent per annum, payable annually, and by its terms the principal 0f the note becomes due March 1, 1927. The note provides for the payment of principal and interest at the First National Bank of Chelsea, Iowa. The petition is in the ordinary…