Coon v. Robinson Mercantile Co.

Citations

• 110 Miss. 700
• 70 So. 884

Syllabus

<p>Chattel Mortgage. Payment and satisfaction. Nonpayment of unsecured debt.</p> <p>Under Code 1906, section 2781, providing that mortgagees or cestui que trust shall satisfy mortgages or deed of trust of record when the same has been fully paid, even though a creditor whose debt was secured by a deed of trust on crops raised by the mortgagor on rented lands, was liable for the rent, where the deed of trust did not cover the land, and crops to the value of the secured debt were delivered to the mortgagee with the landlord’s consent, thus extinguishing the secured debt it was the duty of the mortgagee to enter satisfaction on the margin of the record of the trust deed.</p>