Farmers & Merchants' State Bank v. Thornburg
Farmers & Merchants' State Bank v. Thornburg
Opinion of the Court
This is an appeal from an order of confirmation made by the district court of Gage county in an action brought by the Farmers & Merchants’ State Bank against James Thornburg to foreclose a mortgage upon lot 2 of .block 35 in the city of Beatrice. The ground upon which the order is assathed is that the appraisers deducted from the gross value of the property the sum of $250 on account of a prior mortgage which had in fact been paid and released of record, but which was., nevertheless, through an error of the register of deeds, certified to the sheriff as a subsisting lien. The premises were valued by the appraisers at $2,800, and the interest of the defendant, after deducting the canceled mortgage and taxes, amounting to $12.05, was fixed at $2,537.95. The selling price was $1,692, which, ' it will be seen, was less than two-thirds of the value of such interest as fixed by the appraisers. Upon these facts, the district court did not err in overruling the motion to vacate the sale. It was the duty of the sheriff, acting in obedience to the provisions of section 491 d of the Code of Civil Procedure, to deposit a copy of the appraisement in the office of the clerk of the district court before the sale was adver
Affirmed.
Reference
- Full Case Name
- Farmers & Merchants' State Bank of Beatrice v. James Thornburg
- Status
- Published