Hill v. Lane

*44MEMORANDUM OPINION

GARRETT, Judge:

In 1961, Jack Lane bought 160 acres of farm land. In 1966, he and his wife, Gladys Lane (Lanes), mortgaged 140 acres of this property to Prudential Insurance Company to secure a promissory note. In 1980, the Lanes conveyed one acre of the 140 acres to Thelma Lane and Jack Lane as joint tenants. Thelma is Jack’s mother. She built a house on the one acre tract at her expense.

In 1983, the Lanes executed a second mortgage to the First National Bank and Trust Company of Ponca City (Bank) on 139 of the 140 acres mortgaged to Prudential to secure another promissory…