Farmers & Merchants National Bank v. Anderson

The facts of this case are uncontradicted and may be thus stated: Burl E. Anderson and Sarah E. Anderson, his wife, own two tracts of land in Harford County. One they acquired on July 30th, 1924, from John Ryan, subject to a balance of $1,000 on a mortgage to D. Emory Ely, which balance is still unpaid and unsatisfied. The other they acquired in 1919 from George E. Harkins et al., and on July 7th, 1924, they conveyed that parcel to John F. Joines and wife, subject to an unpaid balance of $2,600 on a mortgage to Tony S. Ward. They sold it to Joines and his wife for $8,700, of which $2,600…