State Ex Rel. Blue v. Stiles

Appellant, J. A. Blue, purchased certain real estate in Birmingham, the yalue of which was $48,200. The property at the time of the purchase was subject to a mortgage indebtedness of $25,000, which mortgage had been duly recorded. Said Blue paid $10,000 in cash, and, for the balance'of the purchase price which he was to pay the vendor, he executed a mortgage on the prop-erty in the sum of $13,200. This mortgage was also duly recorded. Upon these two mortgages the tax known as the mortgage tax' had been paid. Upon offering his deed for record, Blue tendered the sum of $10 as in full payment of…