Vaughn v. Wahl

The contention here involved is to whom rents and profits, collected by a receiver, shall be paid. The contestants are both mortgagees and the question arises under the following facts:

J. W. Couch and Louise K. Couch, on August 11, 1920, executed a first mortgage to Gum Brothers Company, in the amount of $9,800, and covering 280 acres of land located in McClain county. On the same date the same mortgagors executed a second mortgage on the same land in the approximate amount of $2,000, to secure the payment of three commission notes of even date. The notes and second mortgage were sold and…