Wilson v. Tolles

Prior to November 14,1927, defendant Poor was the owner of the farm in controversy, consisting of 400 acres in Ringgold County, Iowa, subject to mortgage, held by plaintiffs to the amount of $34,000. On that date, Poor conveyed the farm to defendant George W. Tolles. An arrangement was made with plaintiffs by which Poor conveyed to plaintiffs other land, in reduction of the mortgage debt to plaintiffs, reducing it to $24,235.56. The interest was paid to March 1, 1928. New note and mortgage were made out, but were not executed until July, 1928, when, under date “July, 1928,” a principal note…