Grandberry v. Mortgage Bond & Trust Co.

Appellants, on February 11, 1925, were the owners of a lot with the improvements thereon in the city of Jackson, said property being worth at the time of the sale hereinafter mentioned in excess of twelve thousand dollars. On said first mentioned date, appellants executed' a deed of trust on said property to the Southern Building & Loan Association f'or seven thousand dollars, payable in principal at the rate of one hundred dollars per month. On the same date appellants executed a second deed of trust to L. B. Jones for the sum of one thousand six hundred thirty-six dollars. On January 14,…