Cotten v. Halverson

I. In 1922, appellee Cotten was the owner and holder of three separate promissory notes secured by mortgages, amounting in all to approximately $10,000. Among these 'were a mortgage and note for $3,500, covering 120 acres of land, in Warren County, Iowa, purporting to be executed by one Carl A. Chris-£engen an(j wjfe> These notes and mortgages had been bought by Cotten, at some previous date, from Willard H. Halverson. Cotten desired to dispose of the Christensen mortgage, and approached the Security Loan & Investment ■Company, of Des Moines, Iowa, with the idea of selling the same. The…