Novosad v. Svrcek

BAUGH, Justice.

The only issue involved in this case is whether a mortgage lien, executed by Knip-pel, owner of the land, in favor of Svrcek, dated November 15, 1928, on lands in Fay-ette county, Tex., is superior to a prior vendor’s lien on said lands securing three notes, dated December 7, 1920, payable to Joe, Frank, and John Novosad, and originally maturing December 7, 1923, 1924, and 1925, respectively. This question depends upon whether or not the Novosad notes were barred by the four-year statutes of limitation (Vernon’s Ann. Civ. St. art. 5527). The Novosads contend that the limitation…