Federal Land Bank v. Smith

This action was brought by plaintiff to foreclose a contract dated September 13, 1950, covering the sale of a farm in the town of Huron, by plaintiff to Alfred E. Smith and Marybelle S. Smith, his wife, hereinafter referred to as defendants.

Plaintiff alleges a default by defendants in the payment of installments of principal and interest, fire insurance premiums and taxes under the terms of the contract, and also the cutting and sale of timber from the farm in violation of the terms of the contract.

Defendants Smith and wife by way of an answer and counterclaim, allege that plaintiff through…