Witmer v. Valley National Bank

In October of 1932 the plaintiff filed a petition in the district court of Polk County, Iowa, against the defendants, in which he alleged that he was the owner of an undivided one-fourth interest and that his sisters were the owners of an undivided three-fourths interest in 25 acres of land, which he duly described; that the said real estate was of the reasonable market value of $140,000; that it was encumbered for the sum of $14,000 or $15,000, by a first mortgage, held by Robert McClelland; and that the reasonable value of his undivided one-fourth interest was $35,000, subject to the lien…