Word: ferson
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Dates: during 1920-1929
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...plaintiff argued that the Ferson mortgage should be satisfied first out of the proceeds of lots three and four, and the proceeds of lot two should be applied to the balance due to the Ferson claim and then to the Sexton claim...
...distribution of funds obtained by a foreclosure sale. The question presented by the transactions among the parties concerns the disposal of the funds resulting from the foreclosure sale. The properties sold were subject to four mortgages, no two of which covered identical security. The mortgages belonged respectively to one Ferson, to one Thurston, to Fortune, the defendant, and to Sexton, the plaintiff. The fund must be distributed in such a manner that the securities of the subsequent lieu-holders are preserved to the greatest possible extent...