Charlson v. Farmers State Bank of Lake Mills

The issue in the case, as finally submitted in the court below and here, is whether the mortgage should, in effect, be reformed by excluding therefrom the homestead of the appellants. The situation of the parties at the time of the execution of the mortgage is shown to have been substantially as follows: The appellants, husband and wife, were upwards of 60 years of age, the parents of several grown sons, and the husband was the owner of 400 acres of land, upon one tract of which they had lived for many years. The land was incumbered-by mortgages upon different tracts, aggregating $25,000,…