New York Life Insurance v. Kennedy

Campbell, J.,

delivered tbe opinion of tbe court.

John A. Kennedy, one of the appellees, is the owner of eight valuable parcels of land situated in the counties of Albemarle, Augusta and Bath. Four of these parcels of land, viz., “Swoope,” “Harman,” “Guthrie Hall” and “Bellview,” are bound by four deeds of trust, executed to Andrew L. Todd, as trustee, to secure certain loans made by the New York Life Insurance Company, which loans amount, in the aggregate, to tbe sum of $100,000. These deeds of trust constitute the first lien upon the property conveyed, except a lien for current taxes.

Kennedy…