Equitable Life Assur. Soc. of United States v. Ellis

This suit was brought by the complainant to foreclose a deed of trust and to have a receiver appointed to take charge of the crops growing upon the land.

E. L. Crosswy owned a tract of land of 240.5' acres in Robertson county. He sold it to George S. Ellis and wife, taking their note in payment for same. Ellis and wife borrowed $15,000 from the Central Trust Company, on June 1, 1923, and executed a note for same and a deed of trust to secure same, conveying the 240.5 acres. Ellis paid some of this money to Crosswy and executed a second trust deed on the land to secure the payment of the rest.…