Tott v. Duggan

Vermilion, J. —

The appellee sold to appellant certain real estate in Sioux City, described as Lot 9 and the south 10 feet of Lot 10 in a designated block, at an agreed price of $43,000. Appellant paid therefor by conveying to appellee land in South Dakota, at an agreed valuation of $16,000, assuming a first mortgage of $15,000 on the Sioux City property, and paying $12,000 in cash. Appellee held the title to the Sioux City property, and conveyed to appellant by quitclaim deed, and also procured to be issued to appellant a sheriff’s deed therefor, under a sale at execution upon the foreclosure…