EAST, District Judge.
On April 27, 1961:
Phil E. Davis and Velma P. Davis, husband and wife (Davises), were the owners of ranch property located in Pinal County, Arizona (Pinal County property);
The Davises were indebted to Ducommun in an amount of approximately $40,000 upon promissory note indebtedness, and to Short in the amount of $4,351.64 upon an open account; and
The Davises executed, acknowledged and delivered unto Ducommun their real...
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