Jacobs v. Knox

Griffin Smith, O. J.

May 20, 1937, there was foreclosure of a mortgage executed in 1919 by Brooks Jacobs and Ms wife, Lilian. The decree recites that default occurred October 1, 1933, and thereafter only $21.41 was paid, leaving a balance of $1,838.22. It was also contended that taxes were not paid after 1932, and that the land bank had expended $192.53 to protect its interests. Sale June 28, 1937, was to John G. Knox.

There is testimony that Knox, after bidding the property in for $2,530 on Saturday, told the clerk of the chancery court he had the money and was ready to close the transaction.…