Brown

Findings of Fact

I

That on or about January 23, 1951, Charles N. Elder and Nora E. Elder, husband and wife, sold to John Harrison Blount and Hazel Geneva Blount, husband and wife, certain improved real property, together with the furniture and furnishings therein, said real property being located at 3829 Eagle Street, San Diego, California; that the total selling price was $22,500, of which $20,-000 was for the improved real property, and $2,500 for the furniture and furnishings therein.

II

That at the time of the hereinabove mentioned sale, said John Harrison Blount and Hazel Geneva Blount, husband and wife, executed and delivered to the said Charles N. Elder and Nora E. Elder, husband and wife, a promissory note in the sum of $22,500, secured by a first trust deed upon the herein mentioned real property; that in such first trust deed said Charles N. Elder and Nora E. Elder were designated as beneficiaries ; the said John Harrison Blount and Hazel Geneva Blount were designated as trustors; and the Union Title Insurance & Trust Company of San Diego, California, was named trustee.

III

That on or about March 23, 1953, the said John Harrison Blount and Hazel Geneva Blount,…