Legal Opinion
Federal Land Bank of Omaha v. Carlson
South Dakota Supreme Court
Decided October 20, 1987No. 15450PublishedCited by 8 opinions
1Opinion of the Court
MILLER, Justice (on reassignment).
This is an appeal from a summary judgment in a mortgage foreclosure action. We reverse.
Agnes M. Carlson (Agnes) sold her ranch to her son L. Melfred Carlson and his wife, Kay. She sold the property under contract for deed, for a price of $295,000. After the down payment was made, the balance due was $269,000 together with interest at the rate of six percent per annum. The first payment was due on March 15, 1982.
On March 4,1982, Melfred and Kay Carlson (Melfred and Kay) mortgaged this property to the Federal Land Bank of Omaha (FLB) as security for a…
2Cases cited4 opinions
- Perpetual National Life Insurance Co. v. BrownSouth Dakota Supreme Court · 1970
- Miners & Merchants Bank v. Braden Forestry Services, Inc.South Dakota Supreme Court · 1985
- AMERICAN FED. SAV. & LOAN ASS'N, ETC. v. KassSouth Dakota Supreme Court · 1982
- Furman v. AndersonSouth Dakota Supreme Court · 1933
3Cited by8 opinions
- Carlson v. First National Bank, HettingerSouth Dakota Supreme Court · 1988
- First Western Bank Wall v. OlsenSouth Dakota Supreme Court · 2001
- Federal Land Bank of Omaha v. CarlsonSouth Dakota Supreme Court · 1988
- Convenience Center, Inc. v. ColeSouth Dakota Supreme Court · 2004
- Federal Land Bank of Omaha v. CarlsonSouth Dakota Supreme Court · 1988
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