Nebraska Supreme Court, 1938

Mutual Benefit Life Insurance v. Long

Mutual Benefit Life Insurance v. Long
Nebraska Supreme Court · Decided March 4, 1938 · Carter, Day, Goss, Messmore, Paine, Rose
134 Neb. 187; 278 N.W. 270; 1938 Neb. LEXIS 25

Mutual Benefit Life Insurance v. Long

Opinion of the Court

Rose, J.

This is a suit in equity to foreclose a mortgage on a quarter-section of land in Stanton county for an unpaid debt of $16,086.32. A decree of foreclosure was rendered February 21, 1936. Under the moratory act as amended in 1937 the district court granted a moratorium staying a judicial sale of the mortgaged premises until March 1, 1939. Plaintiff appealed.

The moratory act as amended in 1937 (Laws 1937, ch. 42, sec. 3, Comp. St. Supp. 1937, sec. 20-21,168) has been held void. First Trust Co. v. Smith, ante, p. 84, 277 N. W. 762. It follows that the district court was in error in granting the moratorium from which the appeal was taken. The judgment granting defendants such relief is therefore reversed and the cause remanded for further proceedings.

Reversed.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.