Federal Land Bank of St. Paul v. Lillehaugen
North Dakota Supreme Court
1Opinion of the Court
VANDE WALLE, Justice.
Maynard T. Lillehaugen and Delores Lil-lehaugen appealed from a district court judgment which granted the Federal Land Bank of St. Paul (FLB) foreclosure of its mortgage on land owned by the Lillehau-gens. We affirm in part, reverse in part, and remand for further proceedings.
On June 18, 1980, FLB loaned the Lille-haugens $36,000. The Lillehaugens executed a promissory note secured by a mortgage on approximately 150 acres of land. The Lillehaugens defaulted on the note and FLB brought this foreclosure action during June 1984. A default judgment was entered against the…
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