Bank of Craig, Craig, Missouri v. Hughes

SACKETT, Judge.

Defendants appeal from the trial court’s refusal to set aside a default judgment of foreclosure foreclosing a mortgage held by plaintiff on certain Iowa farm land owned by defendants and from the trial court’s refusal to grant a moratorium under Iowa Code § 654.15 (1985).

I

On September 24, 1985, plaintiff filed a petition to foreclose a mortgage on certain Montgomery County, Iowa, farmland owned by defendants. The defendants were residents of Colorado. On October 2, 1985, defendants were served personally in Colorado with an original notice of suit. Defendants did not appear. On…