Savings, Building & Loan Ass'n v. McLain

This is a controversy between a purchaser whose deed was defectively acknowledged and registered, and a subsequent mortgagee, and involves questions of priority of registration and notice.

F. A. Dingus and wife, on December 16, 1929, conveyed a house and small tract of land to Reece and Jones for the consideration of $5,500, the deed reciting that it was agreed that $2,100 should be paid in cash, and when Reece and Jones should be able to procure a loan of $2,000 upon the property that amount should be paid to Dingus, and a second mortgage should be given to Dingus for the balance of the…