Metz v. Todd

Cooley, Ch. J:

This is a foreclosure suit. The mortgage was given by •defendants Helen G-. Todd and Alice M. Terry, to secure the payment of four promissory notes made by third persons, and which the mortgagors had delivered to complain*474ants on a purchase of the land mortgaged. The .bill avers that the four notes were delivered to the complainants “as security for the payment of the purchase price,” and that the mortgage was taken at the same time to secure the payment of the notes. It is claimed by the defense that the notes were received in payment for the land, and that the purchasers were…