170 P. 306 | Or. | 1918
Opinion
Previous to giving the mortgage in controversy Oak Nolan gave a mortgage upon the lands to one Nettie Jones, his sister, for the sum of $3,000, which mortgage he admits in his testimony here was without consideration and evidently given to complicate the title and embarrass plaintiff in any possible suit he might institute to clear it. Later he executed a mortgage for the sum of $2,500 to the defendant “Home Installment Company” which claims to be an innocent mortgagee for value. While the former suit was pending and before it had been decided by this court, the Home Installment Company began a suit to foreclose this mortgage. The president of the latter corporation was attorney for the Nolans in the suit of Nolan v. Cook and had full knowledge of the claim of Cook to the title to the property, but he was not made a party. Plaintiff became aware of the foreclosure suit and brought this suit to enjoin further proceedings thereunder and to cancel the mortgage and quiet his title. The evidence in the case at bar and in the case of Nolan v. Cook, 81 Or. 287 (159 Pac. 810), is substantially the same and we came to the conclusion in the course of our investigation in that case that the true