House v. Long

W. B. Putman, Special Justice.

This litigation involves the priority of liens among a purchase-money mortgage, a construction money mortgage, various mechanics’ and materialmen’s liens and a security agreement involving certain fixtures in thirteen different dwellings.

The defendant Long, a builder, had arranged for financing with Modern American Mortgage Company for approximately forty residences to be constructed primarily in Beverly Hills Addition to the City of Little Rock, Arkansas. On each lot purchased by Long, purchase-money mortgages were given in amounts varying from $2,750.00 to…