Drawdy v. the Lake Josephine Company

CHAPMAN, J.:

On January 8, 1940, The Lake Josephine Company filed in the Circuit Court of Okeechobee County, Florida, its bill to foreclose mortgages embracing a large acreage situated in Okeechobee County. The notes and mortgage were dated February 3, 1925, and were signed by W. R. Gary and wife Margarett Lee Gary and the mortgagee was the Okeechobee Farms, Inc. On January 5, 1929, the mortgage and notes were assigned to the plaintiff The Lake Josephine Company and the assignment was recorded October 13, 1936.

On March 5, 1925, George G. Shannon gave to the Okeechobee Farms, Inc., notes and…