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FEDERAL LAND BANK OF SAINT PAUL v. THOMAS

Civ. No. 11034.

386 N.W.2d 29 (1986)

FEDERAL LAND BANK OF SAINT PAUL, a body corporate, Plaintiff and Appellee, v. Eugene J. THOMAS, a/k/a Eugene Thomas and Monica M. Thomas, Defendants and Appellants, United States of America and Scherle Sales, Inc., Defendants.

Supreme Court of North Dakota.

As Amended June 4, 1986.

Attorney(s) appearing for the Case

Vogel Law Firm, Mandan, for defendants and appellants; argued by Anne E. Summers.

Rausch & Rausch, for plaintiff and appellee; argued by Richard P. Rausch.

GIERKE, Justice.

This is an appeal by Eugene J. and Monica M. Thomas [the Thomases] from the judgment and decree of foreclosure of the district court on lands located in Morton County. The original note and mortgage were given by the Thomases to the Federal Land Bank of Saint Paul [Federal Land Bank] on December 11, 1974, in the amount of $110,000. On May 20, 1985, the unpaid principal and interest on the note and mortgage was $145,398.25. We reverse and remand.<...

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