John Hancock Mutual Life Insurance v. Schlosser

Plaintiff, on October 24, 1935, began this action for the foreclosure of a mortgage of $8,000, with interest at 5%% per annum before maturity, and at 8% after maturity. The mortgage was given September 1, 1924, and covered 150 acres of Palo Alto County land and was due August 20, 1929, with principal, delinquent interest, and taxes paid by the mortgage holder, amounting to $11,240.85 on October 16, 1935.

At the time of the giving of the mortgage, the land stood in the name of George Schlosser, and the mortgage was signed by him and his wife, Alma Schlosser, who is principal defendant herein,…