Federal Land Bank v. Soehl

Nebraska Supreme Court

Federal Land Bank v. Soehl

278 N.W. 384, 134 Neb. 254, 1938 Neb. LEXIS 34

CourtNebraska Supreme Court

DecidedMarch 11, 1938

DocketNo. 30238

StatusPublished

This text of 278 N.W. 384 (Federal Land Bank v. Soehl) is published on Counsel Stack Legal Research, covering Nebraska Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Federal Land Bank v. Soehl, 278 N.W. 384, 134 Neb. 254, 1938 Neb. LEXIS 34 (Neb. 1938).

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Opinion

Carter, J.

This is an appeal from an order refusing to grant a moratory stay under the provisions of section 20-21,159, Comp. St. Supp. 1937,

The real estate involved consists of 640 acres of Arthur' county land. The amount due under the decree of foreclosure, including unpaid taxes, is $2,949.34. The evidence as to value is substantially as follows: S. E. Adkins testified that the land is worth $3,000. W. R. Curtis testified, that he had offered $2,400 for the land and that it would be worth more if used in connection with adjacent lands. The defendant estimates its value at $5,120, and Ray Cardwell, a witness called by the defendant, estimates its-value at $3,200. Under the authority of Federal Land Bank v. Citizens Bank, ante, p. 252, 278 N. W. 383, released herewith, we hold that a moratory stay was properly denied.

The contention is also made that the value of the land is greater than the amounts herein set out by virtue of its [255]*255use in connection with adjacent -lands. That such value is not competent in a proceeding such as we have before us was also determined in Federal Land Bank v. Citizens Bank, supra.

We find no error in the record and the judgment is

Affirmed.

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Carter, J.

This is an appeal from an order refusing to grant a moratory stay under the provisions of section 20-21,159, Comp. St. Supp. 1937,

The real estate involved consists of 640 acres of Arthur' county land. The amount due under the decree of foreclosure, including unpaid taxes, is $2,949.34. The evidence as to value is substantially as follows: S. E. Adkins testified that the land is worth $3,000. W. R. Curtis testified, that he had offered $2,400 for the land and that it would be worth more if used in connection with adjacent lands. The defendant estimates its value at $5,120, and Ray Cardwell, a witness called by the defendant, estimates its-value at $3,200. Under the authority of Federal Land Bank v. Citizens Bank, ante, p. 252, 278 N. W. 383, released herewith, we hold that a moratory stay was properly denied.

The contention is also made that the value of the land is greater than the amounts herein set out by virtue of its [255]*255use in connection with adjacent -lands. That such value is not competent in a proceeding such as we have before us was also determined in Federal Land Bank v. Citizens Bank, supra.

We find no error in the record and the judgment is

Affirmed.

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Bluebook (online)

278 N.W. 384, 134 Neb. 254, 1938 Neb. LEXIS 34, Counsel Stack Legal Research, https://law.counselstack.com/opinion/federal-land-bank-v-soehl-neb-1938.

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