Hester v. Home Building & Loan Ass'n

Where a party borrows money on realty, under a security deed, from a home building and loan association under an agreement to repay the loan in monthly instalments; the borrower transfers the loan to the plaintiff’s intestate and this is effected by one of the executive officers, acting in his official capacity, on the books of the home building and loan *322association; the plaintiff’s intestate acquires all such borrower’s rights, privileges, and obligations; a pass-book is issued to the plaintiff’s intestate by the defendant home building and loan association; and, it is agreed between the…