Eidman v. Drewes

Mr. Presiding Justice Barry

delivered the opinion of the court.

Certain real estate was incumbered by three mortgages of $20,000, $10,000 and $8,000. The mortgagor conveyed the premises to Mr. Drewes, the deed containing a recital that the grantee assumed and agreed to pay all of the mortgages. The second mortgage of $10,000 was foreclosed and at the master’s sale Mr. Eidman became the purchaser. The proceeds of the sale were sufficient to pay the second and third mortgages. Shortly after the sale Mr. Eidman purchased Mr, Drewes’ interest in the real estate together with certain personal…