Landberg v. Equitable Investment Co.

Opinion by

Mr. Justice Kephart,

The facts in this case, while involved, may be briefly stated. James Landberg, as the ostensible owner of property, executed a mortgage to the Bell Building & Loan Association, hereafter termed the association, by which he agreed to assign to the mortgagee all leases made for any part of the premises. James then conveyed the premises to the real purchaser, his brother John. Later, there was some difficulty with the original vendors, which was settled by arbitration. By the terms of the award, the vendors, Sats and Yashin, were to lease the property for two years.…