Security Co. v. Richardson

In January, 1878, Thomas H. Richardson borrowed of William Bolles the sum of $2,500, and as security therefor executed a note or bond, and a mortgage on certain realty situated in Wayne county, Iowa, the principal and-interest being payable at B. R. Abbe’s office in Hartford, Connecticut, and the present suit is instituted for the purpose of foreclosing this mortgage; the defense being that the debt is fully paid, and the mortgage discharged and released on the record. It is admitted that the complainant holds the note and mortgage merely as trustee for William Bolles, and not in its own…