Lachner v. Myers

Defendant, Goddard & Company, a corporation, in March, 1917, executed and delivered to respondent a note for $8,000, secured by a mortgage on certain real estate then owned by it. In August, 1917, one Edwards recovered judgment against Goddard & Company in the sum of $877.65, and costs, which judgment became a lien upon the real estate subject to the mortgage. In March, 1918, default having been made in the payment of interest upon the mortgage debt, an agreement was made between Goddard & Company and respondent by the terms of which the former conveyed by warranty deed to the latter the…