Federal Land Bank v. Saint Clair Lumber Co.

The petition as amended presents a situation where the owner of land with timber growing thereon executed and delivered to the plaintiff a deed conveying such land to secure a loan, and thereafter sold to another person the right to cut timber from such land, and where such other person, after cutting and removing the timber, sold it to the defendant before the plaintiff *535received a warranty deed to the property after sale on default in payment of one or more installments of the debt, the sale being made under a provision of the security deed, and where the security deed had been duly recorded…