Delfs

Security Mortgage Co. v. Delfs

Good Law
1920 Cal. App. LEXIS 523·47 Cal. App. 599·191 P. 53
Court of Appeal of CaliforniaMay 20, 1920Civ. No. 3368.California1,888 words

Opinion

lead Opinion

Nourse, J.

Defendant and cross-complainant appeals from a judgment in favor of plaintiff foreclosing a mortgage executed by the defendants John and Rosa Delfs to one Gore, in February, 1917, and assigned by him to appellant in March, 1917, and thereafter on July 26, 1917, assigned by Gore to respondent. The facts material to the case are that, after the execution and delivery of the note and mortgage, Gore, the payee thereof, assigned both on a separate paper to appellant as security for the payment of an independent debt due from Gore to appellant; that thereafter and on July 18, 1917, appellant, acting through its regularly employed note teller, delivered the note and mortgage to Gore, taking his receipt therefor; that on July 26, 1917, Gore assigned the note and mortgage to respondent as security for the payment of ten thousand dollars borrowed by him from respondent at that time; that thereafter and on the twenty-first day of September, 1917, appellant duly recorded its assignment of March, 1917, and four days later respondent’s assignment of July 26th was recorded. The action was commenced by respondent to foreclose the mortgage so assigned to it and appellant intervened, claiming to be…

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