Local Realty Co. v. Steele

WOLFE, Justice.

The appellant, Local Realty Company, brought this action to foreclose a mortgage on realty, joining the Industrial Commission which had a judgment against Steele & Co. for premiums for compensation insurance carried by the commission. The only facts necessary to understand the questions involved are: That J. R. Steele and B. W. Steele, his wife, in October of 1930 mortgaged the piece of real estate, on which it now is sought to foreclose the said mortgage, to the Tracy Loan & Trust Company. This company trans ferred the mortgage in November, 1933, to the plaintiff, Local Realty…