Butts v. Maryland Casualty Co.

The plaintiff sued the defendant on certain promissory notes secured by mortgage deed to land in Florida. The defendant pleaded that the notes sued on were paid in full and satisfied by his surrender of the property described in the mortgage deed to the Security Bond and Mortgage Company in full and complete satisfaction of the debt; that said.Security Bond and Mortgage Company accepted said property in settlement of the notes sued on; and that the settlement was beneficial to the then owners and holders of the said notes in that it enabled them to obtain said property without the expense of…