Alsup v. Southern Mfg. Co.

LAWSON, Justice.

This is the second appeal in this case. Alsup v. Southern Manufacturing Co., 244 Ala. 330, 13 So.2d 408.

On May 3, 1930, Mary Alsup, appellant, executed a mortgage to one Hugo Hecht in the principal amount of $400 conveying all of Lot No. 116 of the Original Survey of Gadsden. This mortgage and the indebtedness secured thereby was transferred and assigned to the Southern Manufacturing Company, appellee, on November 18, 1936.

On May 21, 1930, appellant executed to appellee a second mortgage on the West 60 feet of the same lot covered by the mortgage to Hecht. The principal amount…