Metropolitan Life Insurance v. Sheldon

— The Stale Savings Bank of Rowan was at all times since November, 1924, the real owner of the mortgaged farm. It conveyed the farm temporarily to Sheldon, one of its officials, for the purpose of negotiating the mortgage now in controversy. Sheldon negotiated the mortgage and conveyed back the land. When the mortgage became due, the land was again conveyed to Sheldon for the purpose of obtaining an extension. He obtained such extension and conveyed the land back, first by a deed that was afterwards lost, and later by another deed to make good the loss. There is some controversy between the…