UNITED STATES v. ANDERSON

No. 75-1839.

542 F.2d 516 (1976)

UNITED STATES of America, Plaintiff-Appellee, v. Don G. ANDERSON and Beverly I. Anderson, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Rehearing Denied February 10, 1977.


Attorney(s) appearing for the Case

Don G. Anderson, pro se.

Carroll D. Gray, Asst. U.S. Atty. (argued), Spokane, Wash., for plaintiff-appellee.

Before CHAMBERS, MOORE, and DUNIWAY, Circuit Judges.


PER CURIAM:

Appellants in May 1962, obtained a loan from the Farmers Home Administration for the purpose of purchasing and developing 189 acres of land in the Columbia Basin Irrigation Project. At that time, the federal government was the only source from which the money could be obtained. The interest rate on the loan was 5% and the market rate on such loans was 5¾% to 6%. The appellants executed a promissory note and a real estate mortgage agreement. Included...

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