Hosteng Concrete & Gravel, Inc. v. Tullar

DONIELSON, Chief Judge.

In 1976 Lon and Candace Tullar obtained a loan from First Federal Savings & Loan Association of Storm Lake (“First Federal”) for the purpose of purchasing a home from the Lloyd Larson Trust and the Estate of Mary P. Larson. The Tullars had executed then’ promissory note and mortgage with First Federal on January 16, 1976. On February 7, 1976, the deed conveying the interest of the Estate of Mary P. Larson was executed, and on February 12,1976, the deed conveying the interest of the Lloyd Larson Trust was executed.

Both deeds were recorded on February 25, 1976. The legal…