[DOWNLOAD] "State North Dakota v. Sheridan County" by Supreme Court of North Dakota * eBook PDF Kindle ePub Free
eBook details
- Title: State North Dakota v. Sheridan County
- Author : Supreme Court of North Dakota
- Release Date : January 27, 1942
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
The plaintiff brought this action to quiet title to certain lands in Sheridan county in this state. In its complaint, the plaintiff alleges that it is the owner of the land and that the defendant claims an estate in or lien upon the premises by virtue of a tax deed, and that such tax deed has been rendered inoperative and vests no right or interest in the defendant. The material and undisputed facts are: -- On March 11, 1925, the plaintiff, through its Board of University and School Lands, and other duly constituted officers, loaned to one Augustadt $800 of the permanent school fund of the state; that to secure payment of such loan the said Augustadt, as mortgagor, mortgaged the land in question to the plaintiff, and as a result the plaintiff acquired a valid first mortgage lien upon the said premises. Thereafter default occurred in the terms of said mortgage in that the mortgagor failed to pay interest on and principal of the loan, and taxes upon the premises, and that thereupon the plaintiff, by virtue of said default declared the loan due, and intended to foreclose its mortgage; that instead of making foreclosure the plaintiff, on February 24, 1941, took from the mortgagor a quitclaim deed for said premises, pursuant to the provisions of chapter 254, Laws of 1935.