Life Savings & Loan Ass'n of America v. Bryant

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• failure to comply with condition precedent of subordination agreement operates as “waiver or negation” of the subordination agreement
• failure to comply with condition precedent of subordination agreement operates as \waiver or negation\ of the subordination agreement
• “The intention of the parties will control in determining whether or not a contract for the sale of mortgaged real estate imposes on the grantee liability to pay the mortgage debt.”
• “Where, however, the mortgagee, at the time of taking the mortgage, has knowledge or legal notice of a prior conveyance, it is not entitled to the protection of a bona fide purchaser.”
• “One who takes a mortgage upon property with knowledge, either actual or constructive, of an earlier although unrecorded conveyance of it, takes it subject thereto and will not be permitted by placing his mortgage first on the record to gain priority over the earlier lien.”

Source: CourtListener parenthetical corpus (CC0).