Exchange National Bank v. Clark-Ray-Johnson Co.

The bill of complaint brought in Marion County alleges that the Clark-Ray-Johnson Company, a corporation, sold and conveyed to A. C. Honoré and AY. L. McNevin, described lands for the sum of $165,-600.00 of which $7,500.00 was paid, leaving the balance to be paid in annual installments during five years. A purchase money mortgage was executed to secure the balance due with acceleration clauses in case of defaults. It is alleged that Honoré and McNevin sold and conveyed the lands to Yirginia Perkins “subject to the 1925 taxes and the above mentioned mortgage, which said mortgage the said…