Supreme Court of Alabama February 28, 1935, 8 Div. 636. (Malone v. Gray)

ANDERSON, Chief Justice.

Appellants gave a mortgage to Jemison

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Co., said company assigned the mortgage and debt to the New York Life Insurance Company. Upon default, the New York Life Insurance Company foreclosed under the power of

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sale becoming the purchaser at said sale for $4,000, less than the mortgage indebtedness, and subsequently conveyed the property to the appellee, Gray, for the