Chicago Joint Stock Land Bank v. Minnesota Loan & Trust Co.

GARDNER, Circuit Judge.

This appeal is from an order of tho lower court refusing appellant permission to file claim with the receiver of the Flour City Fuel & Transfer Company.

In December, 1918, L. R. Arnold and Amy Arnold, his wife, borrowed from appellant $13,000. To secure this loan they gave a mortgage on an improved farm of 500 acres in Woodbury county, Iowa. By the terms of tho mortgage, the indebtedness which it secured was to be repaid on an amortization plan, calling for the payment of sixty-five semiannual installments of $1,505 each, with a final installment of $1,256.89; the last…