Mandel v. Siverly

Samuel M. Hughes on March 31, 1913, executed a promissory note to Minnie A. Dewey for $9,000, payable ten years after date. To secure that note, Hughes gave Minnie A. Dewey a mortgage on certain real estate in Louisa County. Thereafter, on February 24, 1921, before the Minnie A. Dewey note matured, Hughes sold the aforesaid land to grantees, who, in turn, resold it to the defendants-appellants, Ralph Siverly and Edna Siverly, husband and wife, subject to the above-named Dewey mortgage.

In an endeavor to refinance their obligations (including the Minnie A. Dewey mortgage) and purchase certain…