Norman Mayer & Co. v. Montgomery

PONDER, Justice.

This is a proceeding by rule against the Federal Land Bank to subordinate its mortgage to plaintiff’s judgment against Thomas W. Montgomery.

Mrs. Edna Innis Montgomery, on November 8, 1922, executed a mortgage on two certain tracts of land (containing 269.22 acres, 215.97 acres, respectively) to the Federal Land Bank for the sum of $10,000. It was recited in the mortgage that. the property was acquired by Mrs. Edna Innis Montgomery from her deceased father, James Innis, partly by inheritance, partly by purchase from Mrs. Mary Margaret Innis, and by act of partition between Mrs.…