Miswald-Wilde Co. v. Armory Realty Co.

the final abstract disclosed the existence of two mortgages, dated June 1, 1929, ánd executed by the vendor on June 27, 1929, and recorded July 9, 1929, conveying the entire subdivision of 162 lots to the National Bank of Commerce as trustee, and each of which was to secure the payment of bonds aggregating $250,000, of which $50,000 were to mature on June of the years 1930, 1931, 1933, and 1934, respectively, and $300,000 on June 1, 1932.

Although the abstract indicated that the mortgages had provisions for partial releases, it did not disclose the details or character of such provisions, and…