Pacific Coast Joint Stock Land Bank v. Security Products Co.

C. F. Johnson, to secure payment of his promissory note payable to respondent, made, executed and delivered to it a mortgage, on his farm in Twin Falls County, which was recorded in the office of the county recorder October 9, 1925. October 1, 1930, Johnson, by quitclaim deed, conveyed the farm to appellant, The Security Products Company, and( March 10, 1934, the comDany leased it to' appellants, Harris and wife, for two years from January 1, 1935. Certain payments secured by the mortgage were not made and, as in said instrument it was agreed might be done, respondent elected to declare the…