Burlington Savings Bank v. Prudential Insurance Co. of America

Albert, J. —

This litigation grew out of the following facts: In 1915, C. L. Voss was the owner of 200 acres of land in Crawford County, Iowa. He secured a loan thereon from plaintiff in the sum of $12,000, evidenced by two promissory notes, dated November 1, 1915, and due March 1, 1921, with 6 per cent interest. To secure the same, he executed in due form a mortgage on said tract of land, bearing even date with the promissory notes, which mortgage was duly entered of record. On March 1, 1921, an extension was made- on said loan for a term of five years from that date. In the intermediate…