Travelers Ins. Co. v. Anderson

ALEXANDER, Justice.

In 1926, W. J. Anderson and wife exe■cuted and delivered to the Republic Trust & Savings Bank a deed of trust on 102½ acres of land in McLennan county to secure payment of a note in the sum of $3,-800. This note with the lien was assigned ■to the Travelers Insurance Company. In 1931, Anderson and wife executed and'delivered to George M. Bailey, Jr., agent for the holder of said note, a warranty deed •to said land in consideration of his assumption and payment of the debt evidenced by ■said note and secured by said deed of trust. Shortly thereafter Bailey conveyed said land…