Peyton v. Young

LEIBSON, Justice.

The Estate of Phyllis Hill appealed from a judgment directing distribution of certain funds derived from the sale of a residence owned by Phyllis Hill at the time of her death. The Court of Appeals affirmed in part and reversed in part.

On January 30,1975, William and Phyllis Hill purchased a residence by deed vesting title in them jointly with the right of sur-vivorship. At the time of purchase they executed a first mortgage to Madisonville Building & Loan Association. At a later date, December 23,1977, William Hill mortgaged the same property to Gary and Joseph Peyton. The…