272 N.W. 767 | Neb. | 1937
Defendant appeals from an order denying a further moratorium stay and confirming sheriff’s sale in a mortgage foreclosure.
The land involved consists of 640 acres less what is taken out of it by a highway traversing the farm. Approximately half of it is tillable and half pasture land.
Plaintiff’s decree, entered November 28, 1932, was for $9,748.58, bearing 10 per cent, interest from that date. Federal Trust Company had foreclosed (on interest coupons
Without taking space to analyze the evidence, it shows that the liens amount to a total of approximately $16,000 and no competent testimony as to the actual value of the land places it that high.
“Defendant in a foreclosure action is not entitled to the benefit of the moratory statute where the mortgage lien equals or exceeds the actual value of the mortgaged premises, and where the premises are sold under decree for the full amount of the mortgage lien, interest and costs.” Erickson v. Hansen, 129 Neb. 806, 263 N. W. 132.
The judgment is
Affirmed.