Buhl State Bank v. Glander

November 12, 1929, John H. Glander gave respondent a chattel mortgage on certain sheep and hay to secure a $10,000 promissory note, and on the same day he and his wife, Mary Ella Glander, gave respondent a real estate mortgage covering 40 acres of land (not the real estate involved herein) and certain water stock, appurtenant thereto, to secure a promissory note of $8,000. October 31, 1931, John H. Glander and his wife transferred 160 acres of land subject to a mortgage thereon for $10,000 given July, 1930, to C. M. Merrick, to their son Arthur E. Glander, and likewise on October 31, 1931,…