Frederick County National Bank v. Schlosser

This is an appeal from a decree of the Circuit Court for Frederick County, rejecting the claim of the appellant as assignee of a mortgage in favor of the holders of notes secured by the mortgage. It appears that one Sylvester L. Y. Young,. of Hagerstown, Md., had title to a property on Patrick Street, in Frederick, Md., in which he conducted a garage under the name of Young Motor Car Company, on which he gave a mortgage for $10,000. Thereafter he conveyed the property to his son, Ira L. Young, by deed dated September 1st, 1923, who, with his wife, Clara G-. Young, executed on the same day…