Central Shoe Co. v. Rashid

On October 3, 1924, the defendants Jacob Rashid and Sadie Rashid, his wife, executed and delivered to the defendant W. A. Scherfe, trustee, a warranty deed conveying a large number of lots in the city of Ft. Madison. The deed gave the trustee power to sell and incumber the property conveyed. The property conveyed was all incumbered by existing mortgages, executed sometime before the deed. These mortgages were severally held by the defendants other than the Rashids and Scherfe, trustee, to secure debts owed by Jacob Rashid.

■ On October 15, 1924, Jacob Rashid, Scherfe, as trustee, and the other…