Florida Trust & Banking Co. v. Hancock

This is the second appearance of this case in the Supreme Court. In each instance the difficulty of presenting the question of the validity of the lien of a first mortgage as against the purchaser of the property mortgaged at a foreclosure sale under a subsequently dated mortgage by the mortgagee in the first mortgage who acquired the interest mortgaged by the mortgagors of that interest seems insurmountable. Taking the allegations of the bill and the averments of the answer together the following situation is apparent:

On June 6, 1914, L. A. Addison owned an undivided two-thirds interest in…