JONES v. JOHN S. STUBBS & ASSOC.

[No. 391, September Term, 1965.]

243 Md. 480 (1966)

221 A.2d 361

JONES, ET AL., TRUSTEES v. JOHN S. STUBBS & ASSOCIATES, INC.

Court of Appeals of Maryland.

Decided July 20, 1966.


Attorney(s) appearing for the Case

Charles W. Woodward, Jr., for appellants.

David Macdonald for appellee.

The cause was argued before HAMMOND, HORNEY, MARBURY, BARNES and McWILLIAMS, JJ.


HORNEY, J., delivered the opinion of the Court.

The basic question on this appeal is whether the lower court erred in its construction of the meaning of a condition in a deferred purchase money deed of trust providing for its subordination to a loan for the cost of constructing buildings on the mortgaged property.

In November of 1958, John S. Stubbs & Associates, Inc., the appellee and owner of a parcel of land (containing 22438 square feet) in Kensington...

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