Carson v. Nuzman

The opinion of the court was delivered by

Hopkins, J.:

This controversy involves the question whether detached interest coupons of notes secured by a mortgage, which coupons have been paid by the payee and guarantor but not by the maker, constitute a lien on the mortgaged property ratably with the mortgage. The trial court held they did not. Their owner, Nuzman, appeals.

■ The facts are, substantially, that James E. Lawson and wife executed and delivered to J. L. Pettyjohn & Co. their notes and *396mortgage, dated July 1, 1918, for $20,000, due in ten years. The interest on the notes was evidenced…