Bass v. Biggs

On April 11, 1927, the defendant, J. I. Biggs, sold to Melvin F. Johnson, for a consideration of $1,000, lots 89 and 90 of the W. K. Henderson Iron Works & Supply Company subdivision of the village of Agurs, in the parish of Caddo.

At the date of this sale, a $10,000 mortgage existed upon the property and was duly recorded. This mortgage .was executed February 18, 1926, to secure a demand, note in that amount, made by the defendant, Biggs, payable to his own order and by him indorsed in blank.

Johnson purchased the lots “subject to the existing mortgage against said property.”

On September 15,…