Huismann v. Althoff

On March 1, 1915, tbe appellee, Weert Huismann, and his wife executed tbe mortgage in question, to secure a note for $13,500, due March 1, 1920, payable to tbe order of William Althoff, at tbe First National Bank of Ells-worth, Minnesota. The note represented a part of the purchase *72price of tbe mortgaged premises, a farm in Lyon County, Iowa, purchased from Althoff by Huismann. William Althoff, the payee of the note, died October 15, 1915, and the appellant Kate Althoff, his widow, and the beneficiary under his will, became the owner of the note and mortgage. Appellant and her husband moved…