Equitable Life Assurance Society v. Hastings

Donegan, J.-

On July 19, 1929, Frank H. Hastings and Sadie Hastings, his wife, executed a mortgage upon 145 acres of land in Adair County, Iowa, to Collins Mortgage Company, to secure their promissory note for $9,700, due December 1, 1934, with interest at 5 per cent per annum. The granting clause of this mortgage, in addition to the real estate, conveyed all the rents, issues, use and profits of said land, and the crops raised thereon until the debt secured by said mortgage shall be paid. This mortgage was recorded as a real estate mortgage, was also duly indexed in the index to the chattel…