Mortgage Co. of Maryland v. Lory

Maxwell, Judge.

On October 15, 1925, plaintiff, the Mortgage Company of Maryland, loaned to West Charleston Development Company the sum of $130,000, evidenced by the Development Company’s note, indorsed by Ed Lory, and secured by a deed of trust of the same date upon several hundred residence lots in the municipality of Dunbar, Kanawha county. As additional security for the said note, the Development Company transferred and delivered to plaintiff certain notes of Poteet & Woodroe, Inc. These notes which were payable to the Development Company were secured- by deed of trust dated September 15,…