Watkins v. Watkins

In September 1929, the defendants, husband and wife, purchased a farm of two hundred acres in Ma-haska County, Iowa. When settlement was made on or about March 1, 1930, they borrowed $14,000 from Dora Way and gave her a first mortgage on the real estate. On September 1, 1930, the defendants borrowed $3,280 from plaintiff, Elva Watkins, sister of Garry Watkins, one of the defendants, giving her a note therefor payable September 1, 1937, and a second mortgage on the farm to secure the note. No interest was paid on the note and on November 25, 1932, defendants gave plaintiff a chattel mortgage…