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TEXAS AMERICAN BANK/LEVELLAND v. MORGAN

No. 16368.

733 P.2d 864 (1987)

105 N.M. 416

TEXAS AMERICAN BANK/LEVELLAND, Plaintiff-Appellee, v. Mary MORGAN, Defendant-Appellant, W.N. Halliburton, First Federal Savings & Loan Association of Clovis, Defendants.

Supreme Court of New Mexico.

February 25, 1987.

Attorney(s) appearing for the Case

C. Barry Crutchfield, Templeman and Crutchfield, Lovington, for defendant-appellant.

David G. Grow, Walker, Tatum, Grow & McDowell, Clovis, for plaintiff-appellee.

OPINION

WALTERS, Justice.

On March 28, 1983, defendant Halliburton executed a warranty deed to himself and defendant Morgan, as joint tenants. The deed was recorded on April 6, 1983. At the time of the conveyance, defendant First Federal Savings and Loan Association held a mortgage covering the north 75.35 feet of the deeded property. The priority and amount of the mortgage held by First Federal Savings and Loan Association was stipulated to by plaintiff...

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