Gordon v. Atkinson

STOCKBRIDGE, J. —-

On the 30th of July, 1897, Cecil R. Atkinson executed a mortgage to a certain A. J. Steers, which recited an indebtedness from -the mortgagor to the mortgagee of $15,000, payable February 10th, 1898, and the day following its execution the mortgage was placed on record. On the 6th day of August in the same year the Economy Savings Bank loaned to Alphonzo J. Steers $5,000, taking his note for that amount payable in six months, and to secure its payment the mortgage from Atkinson to Steers was assigned to the bank, and the assignment duly recorded upon the same day that it was…