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FIRST NATIONAL BANK v. CONWAY SHEET METAL CO.

No. 5-4504.

428 S.W.2d 293 (1968)

244 Ark. 963

The FIRST NATIONAL BANK OF CONWAY, Arkansas, Appellant, v. CONWAY SHEET METAL CO., Inc., Appellee.

Supreme Court of Arkansas.

May 27, 1968.

Attorney(s) appearing for the Case

Robert W. Henry and J. Ted Blagg, for appellant.

Clark, Clark & Clark, Conway, for appellee.

HARRIS, Chief Justice.

T. & C. Construction Company was the owner of Lot 8, Heritage Subdivision, in Conway. This lot, along with others, was subject to a mortgage held by Capitol Savings and Loan Association, such instrument providing that any lot which was subject to the mortgage would be released by payment of $2,000.00 toward retirement of the debt. Lot 8 was sold by T. & C. Construction Company on January 31, 1966, to John W. Fent and wife, the consideration...

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