Caldwell v. Schrock

GOULD, J., pro tem.

From the testimony in this case it appears that plaintiffs acquired a ten-acre orange grove with ten shares of water stock, giving to Mrs. Nora A. Hinman as part of the purchase price their promissory note for $14,500 secured by mortgage upon the real property, including buildings, “water rights” and other appurtenances. They also pledged her the water stock; and at the time it was understood and agreed between plaintiffs and their vendor that such water stock should at all times be regarded as part of the real property covered by the mortgage, and in ease of foreclosure of…