Knoxville Housing Authority, Inc. v. Bush

The Knoxville Housing Authority, Inc. brought this suit to condemn land in the 10th Ward of the City of Knoxville included in “The Urban Renewal Plan” adopted by the Knoxville City Council on May 21, 1963. The land in question was owned by Grerson Bush and had been improved by an apartment building.

On April 20, 1962, approximately two years before the condemnation suit, Mr. Bush borrowed $116,700.00 from the Northwestern Mutual Life Insurance Company, executing a promissory note and a trust deed on the property in question as security for payment. The note, in addition to providing for…