GRIFFIN, J.
Defendants and respondents Thomas L. Preston and wife, as joint tenants, owned property in Banning, where they resided. Plaintiffs and appellants, husband and wife, purchased and held the Prestons' promissory note secured by a second trust deed thereon. The unpaid balance in August, 1954, was $2,007.94, payable at $50 per month. The San Gorgonio Building and Loan Association held a prior trust deed on said property, executed by the Prestons and secured...
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