Fletcher Avenue Savings & Loan Ass'n v. Roberts

On February 18, 1928, appellee StillingL. Schory, who was then the owner of the real estate involved in this action, obtained a loan from appellant, and mortgaged said real estate to appellant to secure the repayment of said loan. Later, said mortgagor, being in default in the payment of said loan in lieu of foreclosure, and at appellant’s request, conveyed said real estate to appellee John K. Parry, appellant’s employee, subject to said mortgage.

At the time of said conveyance to Parry, appellant made a contract with appellee Daniel Bohannon by which contract Bohannon agreed to make certain…