Corydon State Bank v. Scott

In 1929, M. A. Scott, among other tracts of land, owned a 640-acre farm, referred to in the record as the “east farm.” It was then heavily incumbered by outstanding real estate mortgages.

On the 11th day of May, 1929, Scott and his wife executed and delivered to the Wapello County Savings Bank, of Ottumwa, Iowa, two mortgages on said land, to secure notes outstanding aggregating $15,832, and at the same time executed a chattel mortgage covering all the crops sown, raised, and to be grown, and all rents, incomes, and profits for the years 1929, 1930, 1931, on said mortgaged real estate. These…