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Home / Case Digests / 01-1590, 01-1591 Mitchell Bank v. Schanke

01-1590, 01-1591 Mitchell Bank v. Schanke

Defendant obtained a judgment against the original mortgagors and executed on the judgment, becoming the successful bidder on the non-homestead mortgaged premises. The bank (which may have lost the note in a flood) attempted to foreclose defendant's interest, relying on the dragnet provision to extend the mortgage security interest to debts other than that referenced ...

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