FSRJ Properties, LLC v. Walker

On June 19, 2007, and June 20, 2007, Johnny Walker, the mortgagee, and Pat Sanford, individually and in his capacity as the president of Sanford Investments, Inc. (Sanford Investments”), entered into two separate mortgage agreements — one regarding certain real property in St.. Clair County (“the St. Clair property”) and the other regarding certain real property in Talladega County (“the Talladega property”). The mortgage documents were properly recorded. On June 20, 2007, Sanford, individually and in his capacity as president of Sanford Investments, executed two promissory notes, each in the…