Schmidt & Wilson, Inc. v. Carneal

*414The Virginia Mutual Life Insurance Company owned certain property in Richmond, Virginia, on which it gave three deeds of trust.

The first deed, dated March 2, 1931, conveyed the property to Central Trust Company, trustee, to secure the payment of the principal sum of $6,500 evidenced by the notes of the owner, of even date with the said deed of trust, payable one year after date.

The second deed, also dated March 2, 1931, conveyed said property to J. D. Carneal, Jr., trustee, the defendant herein, to secure the payment of the principal sum of $1,000, evidenced by the notes of the owner, of even…