Moeur v. Farm Builders Corp.

In 1924, the Anchor Trust Company of Wichita, a corporation, hereinafter called the trust company, brought suit to foreclose a trust deed on certain lands situated near Maricopa, Arizona. At the same time another suit was filed by the same plaintiff to foreclose a trust mortgage on other property in the same locality, and J. H. Moeur, as receiver of the Bank of Phoenix, and T. M. Caldwell, together with certain other parties, were made defendants in both suits.

'The named defendants appeared and answered, alleging they had prior equitable liens on some of the land involved, and thereafter…