Ridge v. Greenwell

— The plaintiffs are second mortgagees. The action is in equity against the assignees of the indebtedness secured by the first mortgage for the purpose of obtaining a, decree for the cancellation of that indebtedness, and the release of the real estate from the lien of the first mortgage. The note secured by the first mortgage had been assigned to the defend*480ant, Hiram Grreenwell, and by him assigned to his co-defendant Broughton as collateral. The contention of the plaintiffs is that the money paid by Hiram for the note belonged to Greorge W. Grreenwell, the mortgagor.

We find the following…