Lawton, Reynolds, Et Vir. v. McIlvaine

In this case Hettie S. Reynolds and her husband, D. W. Reynolds, executed a mortgage to Lawton. Afterwards they executed a mortgage to Carolyn M. Mcllvaine encumbering the same property but before that mortgage became effective Lawton entered into a binding stipulation that his mortgage should constitute an inferior 'lien to that of the Mcllvaine mortgage. Later certain liens accrued against the same property and Mcllvaine was required to discharge those liens' to protect her mortgage. Thereupon she accepted a deed conveying the fee simple •title from Mrs. Reynolds and her husband to herself,…