Western Land & Cattle Co. v. National Bank

On May 10th, 1918, E. W. Mc-Culloch was the owner of the southeast quarter of section 6, township 1 north, range 1 east, Gr. and S. R. B. & M., subject to a first mortgage in favor of one C. M. Sturges for Eight Thousand Dollars ($8,000.00). On that date he and his wife executed a second mortgage in favor of Western Land & Cattle Company, hereinafter called appellant, in the sum of Ten Thousand Dollars ($10,000.00), which, by its terms, was expressly made subject to the Sturges mortgage. February 5th, 1921, the appellant brought suit against McCulloch for Five Thousand Dollars ($5,000.00) on…