Pratt City Sav. Bank v. Merchants' Bank & Trust Co.

GARDNER, Justice.

Complainant bank purchased in good faith a certain note and the mortgage on real estate given as security therefor, executed by one Holmes and wife to the Merchants’ & Farmers’ Bank of Gordo, for value and before maturity of the note, the negotiable character of which appears on the face of the mortgage, and the note and mortgage were duly transferred and assigned to complainant.

The bill is to be construed to the effect that nothing concerning complainant’s purchase or such assignments appeared of i*ecord.. Subsequent to such purchase, and presumably of course after the…