Nodaway County v. Alumbaugh

Action to foreclose a school fund mortgage. The trial court entered a decree of foreclosure and defendants, Charles C. Alumbaugh and wife, appealed.

The real estate involved is the south half of lots 7 and 8, block 22, town of Barnard, Nodaway County. November 1, 1920, Frank Alumbaugh and his wife, Laura, then [75] owners of the property, borrowed $500 at 6% from the county school fund, and to secure the loan, gave a school fund mortgage on the property and also the usual bond. Frank Alumbaugh paid the interest to January 1, 1929, but no part of the principal. Laura Alumbaugh died in 1924, and…