Nelson v. Stockton Mortgage Co.

In September, 1925, R. W. Weaver made a contract with A. Y. Oates to construct a residence on three city lots located in Lakeland, Florida, which he had agreed to purchase and on which he had paid substantial amounts. As one feature of the contract, Oates negotiated a loan for Weaver with Telfair Stockton Company to secure which Weaver and his wife executed a mortgage in favor of the latter describing the three lots on which Weaver had a contract to purchase but had not acquired the legal title. There was a lien for a portion of the purchase price and certain statutory liens outstanding…