Federal National Mortgage Ass'n v. Kostrunek

HANSON, District Judge.

This is an action on a note and for foreclosure of the collateral security. The payee on the note and the mortgagee in the mortgage is Conservative Bond and Mortgage Co. The makers of the note are Emil and Madonna L. Kostrunek. The note was signed September 7, 1960. On that same day Laurence Homes, Inc. conveyed the property to Emil and Madonna L. Kostrunek for one dollar and other valuable consideration. On November 14th, 1960, a wai’ranty was received by Emil and Madonna L. Kostrunek. On December 5, 1960, Conservative Bond and Mortgage Co. sold, assigned and…