Beckcom v. Small

A grantor in a duly recorded security deed executed under the provisions of the Civil Code, §§ 3306, 3310, 6037, to secure a debt for the principal sum of $25,000, besides interest and attorney’s fees, executed a second security deed conveying the same property to a different person to secure a debt for the principal sum of $7935.65, with interest and attorney’s fees. The grantor remained in possession after execution of both deeds. Following immediately after the description of the land in the second deed were the words and figures: “ There is a prior claim for $25,000.00 in favor ” of the…