Santa Ana Citrus Groves, Inc. v. First Nat. Bank of Chicago

NORVELL, Justice.

This is a “land fraud” case. The real property involved is a tract of approximately 1,900 acres situated on the Rio Grande in Hidalgo County, Texas. This property was conveyed by Clifford Guy Willard (who was acting as trustee for the First National Bank of Chicago) to Santa Ana Citrus Groves, Inc., by deed dated October 10, 1933. In this conveyance, the superior legal title and an expressed vendor’s lien were retained to secure the payment of four purchase money notes aggregating the sum of $32,500. These notes were also secured by a deed of trust executed by Santa Ana…