McDonald v. American Nat. Bank
McDonald v. American Nat. Bank
Opinion of the Court
Plaintiff alleges that he has a duly recorded vendor’s lien and first mortgage upon certain property described in the petition, and that the defendants are seeking to create another mortgage upon the same property by means of a suit upon a fictitious claim, and he prays that the said mortgage thus sought to be created be annulled, and the registry thereof cancelled, and, in the alternative, that the judgment in said suit be annulled in so far as it may affect his said vendor’s lien and mortgage rights, and, at any rate, that execution be allowed on said judgment only as against the property of the judgment debtor not subject to petitioner’s said vendor’s lien and mortgage, and in any event that the said vendor’s lien and mortgage of petitioner be decreed to be paid by preference out of the proceeds of any sale that may be made of the mortgaged property.
Judgment affirmed.
Reference
- Full Case Name
- McDONALD v. AMERICAN NAT. BANK
- Cited By
- 1 case
- Status
- Published
- Syllabus
- (Syllatus hy Editorial Staff.) 1. Mortgages The rank of a duly recorded vendor’s lien an'd first mortgage cannot be changed by any act of subsequent creditors or incumbrancers. 2. Mortgages A prior mortgage creditor has no standing to prevent a sale of the property mortgaged under a junior mortgage.