Lincoln Nat. Life Ins. Co. v. Anderson

GALLAGHER, Chief Justice.

A statement of the facts out of which this suit arose will aid in a ready understanding of the issues involved. Appellee, Kin Y. Anderson, on February 14, 1912, owned 214 acres of land in Johnson county and occupied the same as a home. Said land was incumbered with a vendor’s lien in favor of one Metze for approximately $6,500. Metze indorsed and transferred the notes evidencing such indebtedness to the United States ¡Bond & Mortgage Company. Appellee, on February 14, 1912, in renewal and extension of said indebtedness, executed and delivered to said Mortgage Company…