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CHASE INV. CO. v. KRAMER

No. 48059.

55 N.W.2d 467 (1952)

CHASE INV. CO. v. KRAMER et al.

Supreme Court of Iowa.

November 11, 1952.

Attorney(s) appearing for the Case

J. F. Wirds, of Iowa Falls, and Lundy, Butler & Lundy, of Eldora, for appellants.

Uhlenhopp & Uhlenhopp, of Hampton, for appellee.

SMITH, Justice.

The $20,000 note, dated September 16, 1949, signed by Harold and Alice Kramer and by Kramer Motor Co., Inc., was secured by the mortgage in suit on the Kramers' homestead, subject to first mortgage of $4,000. There was also a securing mortgage on certain of the Motor Company property, subject to prior mortgages, but it is not involved here. The Motor Company is not a party defendant.

The Kramers' mortgaged homestead is near Hampton, Iowa. They...

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