Orth v. Gedorn

This is an appeal by plaintiff, as receiver of the First & Farmers National Bank in Luverne, from an order of the district court vacating and setting aside a deficiency judgment entered against the defendants after sale of mortgaged premises, and setting aside so much of the foreclosure judgment as imposed personal liability on the defendants.

In May, 1927, the defendants gave to the plaintiff bank, herein referred to as plaintiff, a note for $8,000 and a real estate mortgage to secure the same. On November 19, 1928, defendant Gustolf Adolph Hagedom, herein referred to as defendant, was duly…