Ruden v. Kirby

MISER, C.

On March 9, 1928, one Fritz was the record owner of 733 acres of land in Turner, Minnehaha, and McCook counties. It was subject to first mortgages of $42,000; to second mortgages of $7,618, held by the Farmers’ State Bank of Parker, which bank was in charge of the superintendent of banks; to third mortgages of .$6,813, by one Staebell, trustee; and to a fourth mortgage securing one note for $581.15, also-held by the Parker bank, and- another note for $7,500, held by the War Finance Corporation. The second mortgages were four years past due, with about five years’ interest unpaid. On…