Reyelts v. Feucht

On or about March 15, 1918, one E. O. Car 'penter and others executed, made payable March-1,-1928, and delivered, to Clans W. Reyelts or order, a promissory note in the sum o'f $25,000, with-interest at the-rate of 5 Per cent Pep annum before maturity and 8 per cent Per annum thereafter. That negotiable instrument was secured by a real- estate mortgage executed-by John and Hendrika Zoet.- For the sake of brevity, hereafter these papers will be referred to as the Zoet note and mortgage. - '

While thus the owner of those documents, Claus W. Reyelts, in June, 1921,. was indebted to the Iowa…