Federal Land Bank v. Shingler

The Federal Land Bank of Columbia, chartered under the act of Congress known as the Federal- farm-loan act, made a loan to M. M. Hall of $10,000 on a tract of land in Miller County, which Hall had purchased from Joe M. Shingler, the loan being evidenced by a note and secured by deed with power of sale conveying the land. The note was indorsed by the Miller County National Farm Loan Association, also chartered under the Federal farm-loan act, of which Hall became a member. Shortly thereafter Hall executed to Shingler a series of notes in excess of $10,000; also a- second deed with power of…