Sohn v. California Pacific Title Insurance

GIBSON (Lilburn), J. pro tem. *

This action arose out of a dispute as to the proper disposition of the proceeds of a sale of real property following the exercise of a power of sale by a trustee under a deed of trust.

The following facts appear to be fully established by the evidence:

On August 29, 1947, Charles Tesseyman was the owner of certain real property located in Stockton, San Joaquin County, California, known as the Hotel Wolf, and on that date he borrowed $150,000 from the American National Insurance Company, hereinafter referred to as Beneficiary, and executed and delivered to it his…