Washington Furniture Co. v. Potter

Tbe essential facts are as follows:

1. On 4 March, 1920, <T. R. Rowe and wife, being the owners of certain real estate, mortgaged the same to Benjamin Potter to secure the payment of $150.00, evidenced by three promissory notes. This mortgage was duly registered on 22 March, 1920, and in September of that year it was assigned to J. E. Overton by endorsement, as-follows: “I hereby transfer the within mortgage, and notes thereto, to J. E. Over-ton, without recourse to Benjamin Potter.” (Williams v. Teachey, 85 N. C., 402; Morton v. Lumber Co., 154 N. C., 336.)

2. On 28 June, 1920, a second…