Taylor v. Elgin

We find the following facts clearly and satisfactorily established by the record:

In 1907 John W. Taylor, of Corinth, Miss., being then the owner of a house and lot situated on Shelby street, in Memphis, Tenn., conveyed this property to his wife, complainant Della Taylor. When the property was purchased by Mr. Taylor, it was subject to a mortgage of $5,000 in favor of Williamson *604Bros. This mortgage, as between Taylor and Ms vendor, was assumed by Taylor, and bis conveyance to bis wife was subject to the mortgage. This mortgage secured certain notes, payable at different deferred dates in the…