Federal Land Bank of Berkeley v. Warner - 292 U.S. 53 (1934)
U.S. Supreme Court
Federal Land Bank of Berkeley v. Warner, 292 U.S. 53 (1934)
Federal Land Bank of Berkeley v. Warner
Argued February 16, 1934
Decided April 2, 1934
292 U.S. 53
1. A stipulation in a Farm Loan Mortgage that, in case of suit to foreclose, the mortgagor shall pay a reasonable attorney's fee to be fixed by the court, is valid under the Federal Farm Loan Act if valid under the state law. P. 292 U. S. 54.
2. The purpose of the Farm Loan Act is to enable farmers, by mortgaging their lands, to obtain loans at low cost, and this purpose is to be observed in determining what is a reasonable attorney's fee in a foreclosure proceeding. P. 292 U. S. 57.
42 Ariz. ___, 23 P 2d 563, reversed.
Certiorari, 290 U.S. 620, to review the affirmance of a decree foreclosing a farm loan mortgage in which the trial court had refused to enforce a stipulation for an attorney's fee.