Wilsford Et Ux. v. Johnson

The appellants, T. F. Wilsford and wife, executed a deed of trust on certain real and personal property to secure an indebtedness of twenty-three thousand seven hundred two dollars and forty-four cents due to the appellee J. N. Johnson; this deed of trust being subordinate to a prior mortgage indebtedness of fifteen thousand dollars. Thereafter the appellants negotiated a loan of thirty thousand dollars from the Union Central Life Insurance Company, and in order to consummate this loan it became necessary to pay oft the prior mortgage indebtedness of fifteen thousand dollars, and- to have the…