McCarty
Owens-Parks Lumber Co. v. McCarty
Opinion
Lead Opinion
Tuttle, J.
This is an action brought to foreclose a mechanic’s lien. While the action was pending, the real property sought to be charged with the lien was sold under a prior trust deed. A supplemental complaint was thereupon filed, seeking to impress a lien upon the surplus from said sale remaining in the hands of defendant Bank of America of California. A personal judgment was rendered against the owners of the real property in the sum of $2,092.33. Judgment was also rendered against Bank of America in the sum of $1630.50, the surplus from said sale. This appeal is prosecuted from the judgment by Bank of America and First National Bank of Culver City.
Robert A. McCarty and Grace M. McCarty, defendants herein, on March 30, 1927, executed to the City Mortgage Company, a corporation, also a defendant herein, their promissory note, in writing, in the principal sum of $15,000, secured by a deed of trust covering real property owned by them at that time, which deed of trust was recorded on April 18, 1927.
Contemporaneously with the execution of this note and deed of trust, Robert A. McCarty and Grace M. McCart3r executed another promissory note in writing, in the principal sum of $6,700, to…