Semple v. Lee

Baldwin, O. J.

Alexander Lee gave to one Rudd his promissory note, and secured the same by a mortgage upon certain real estate, duly executed by himself and wife. The land thus mortgaged was afterwards sold by Lee and wife to Gaylord, Ferguson & Co. Subsequently the appellants, Barclay, Ogg & Swan, became the owners of said premises. The note secured by the mortgage was assigned to plaintiff, who brings his bill of foreclosure against the mortgagors, and subsequent purchasers of said premises. It is averred that each of said firms purchased said premises with a full knowledge of the mortgage…