Riddle v. Colliver

It appears that L. H. Riddle and his wife executed a mortgage upon described land to F. B. Colliver and Olive Colliver to secure notes aggregating $3,500.00; that thereafter J. P. Cochrane agreed in writing to purchase the land, a part of the consideration being “$3,500.00 First Mortgage to be assumed and paid by the purchaser at 8% interest”; that a warranty deed to the lands was executed to J. P. Cochrane; that after foreclosure proceedings and sale of the property, a portion of the mortgage debt remained unpaid, but no deficiency decree was prayed or rendered. By assignment F. B. Colliver…