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THOMPSON v. FEDERAL FARM MORTG. CORP.

No. 12656.

140 F.2d 539 (1944)

THOMPSON v. FEDERAL FARM MORTG. CORPORATION et al.

Circuit Court of Appeals, Eighth Circuit.

February 10, 1944.

Attorney(s) appearing for the Case

R. Brown, of Creston, Iowa, for appellant.

Clair L. Kintz, of Omaha, Neb. (G. Belvel Richter, of Waukon, Iowa, Lewis W. Bicknell, of Webster, S. D., and Harold J. Reed, of Omaha, Neb. on the brief), for appellees.

Before STONE, JOHNSEN, and VAN VALKENBURGH, Circuit Judges.

VAN VALKENBURGH, Circuit Judge.

In March 1936, appellant purchased the land involved, aggregating 360 acres, situated in Allamakee and Winneshiek Counties, Iowa, where appellant resides. The purchase price for the land was found by the court to be nominally $11,800. The farm was encumbered by mortgages in the principal sum of $10,800 with accumulations of interest. The deed to appellant conveyed the land subject to these encumbrances without assumption by the grantee...

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