51 Iowa 371 | Iowa | 1879
English v. Waples, 13 Iowa, 57, and Sims v. Hammond, 33 Id., 368, were referred to in the case last cited and distinguished. We are content with what is there said, except it may be remarked that the effect of the negotiability of the mortgage debt was not considered, for the reason that no such question could under the facts arise.
It is insisted in no event is the bank entitled to priority except as to the two hundred dolíais first loaned. The argument amounts to this, that the bank was bound by what appeared of record at the time each advance was made. When the bank obtained the note and mortgage there was nothing of record impeaching the mortgage in any respect. Its title thereto was, therefore, perfect and complete, and we are not prepared to say it could not make with safety future
Aeeirmed.