Lockhart v. Ruden

The Bank of Clear Lake, S. D., while a solvent corporation, obtained a real estate mortgage upon real property belonging to the plaintiff. Later the bank became insolvent, and during the process of liquidation by the Superintendent of Banks,of the state of South Dakota, foreclosure proceedings by action were instituted, and upon default by plaintiff a decree of foreclosure was entered in the circuit court of Deuel county, S. D. Thereafter a special execution in said foreclosure proceedings issued and a levy and' sale made upon an undivided interest in certain real property, a sale thereof…