Spencer-Sauer Lumber Co. v. Ballard

SMITH, Chief Justice.

On December 1, 1931, C. S. Ballard purchased the real property here involved, situate in Cameron county, and, as part of the consideration therefor, expressly assumed to pay a debt then owing by his grantor to American National Insurance Company, in satisfaction of its deed of trust (first) lien upon said property to secure said debt. And, as an additional consideration, Ballard further assumed to pay another debt owing by his grantor to Spencer-Sauer Lumber Company in satisfaction of its mechanic’s (second) lien upon said property. All those transactions were duly…