WALKER, Circuit Judge.
In 1922 the Delta Land & Timber Company (herein called the Delta Company), being engaged in the lumber manufacturing business, and owning a sawmill, and timber land and standing timber, for the purpose of securing bonds issued by it, executed a mortgage or deed of trust which conveyed the various properties then owned by it, and contained an after-acquired property clause. Upon the execution of that instrument it was filed for record and...
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