Northup v. Reese

Citations

• 68 Fla. 451

Syllabus

<p>Where a duly recorded mortgage is given to secure the payment of a negotiable note and for full consideration the note and mortgage are assigned before the maturity of the note, and the record of the mortgage is unauthorizedly cancelled, and a second negotiable note and a mortgage on the same property to secure the note are executed and are assigned for value before the maturity of the note, but after the cancellation of the record of the first mortgage, the assignee of the latter note and mortgage has no priority over the assignee of the first note and mortgage.</p>