Citizens National Bank v. Williams

The opinion of the .court was delivered by

Mason, J.:

On February 1,1912, H. M. Williams, the owner of a tract of land, executed a mortgage naming the Merriam Mortgage Company as mortgagee, securing fourteen notes for $7 each payable to that company, and one note for $200 payable to Charles E. Moore. The mortgage was duly recorded. On August 28, 1914, the company endorsed upon the mortgage a *141release in these words, “The amount secured by this mortgage has been paid in full, and the same is hereby cancelled,” and four days later this release was transferred to the.record in the office of the…