Industrial Finance & Thrift Corp. v. Smith

This is an appeal from a decree of the chancery court of Forrest county, adjudging that a certain deed of trust executed by the defendants J. C. Herrod and. wife, to Luther A. Smith, guardian of the estate of C. J. Mclnnis, Jr., a minor, as beneficiary, constituted a first and paramount lien on the property thereby conveyed, fixing the amount due, and ordering the sale of the said property for the satisfaction thereof.

On April 2, 1928, the defendants J. C. Herrod and wife, who. were the owners of certain lands located in Forrest county, executed a deed of trust thereon in favor of the Mutual…