No. 4900.

545 S.W.2d 208 (1976)

M. H. FERRIS et al., Appellants, v. SECURITY SAVINGS & LOAN ASSOCIATION, DICKINSON, Texas, Appellee.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied December 16, 1976.

Attorney(s) appearing for the Case

Kenneth J. Peden, Childress, Port & Crady, Houston, Kenneth C. Kaye, League City, Elmo M. Johnson, Tramonte & Tramonte, Galveston, Raymond M. Hill, Dale Harville, Houston, E. M. Ammons, Texas City, Daniel E. O'Connell, Walter Wright, Houston, for appellants.

Charles R. Hancock, Hancock & Yelton, Dickinson, Claude T. Allen, Newton B. Schwartz, Rex C. Mounger, Sam L. Sterrett, Jr., Dave McNeill, Jr., Vinson, Elkins, Searls, Connally & Smith, Houston, Preston Shirley, Mills, Shirley, McMicken & Eckel, Galveston, Charles E. Casteel, Charles R. Dunn and R. Charles Stiles, Wyckoff, Eikenburg, Dunn & Frazier, Houston, Walter S. Fortney and Dennis Swift, Law, Snakard, Brown & Gambill, Fort Worth, for appellee.


This case involves claims for debt arising out of construction contract, financial arrangements pursuant thereto, foreclosure of mechanics' and materialmen's liens, and the respective priority of the liens.

Mr. and Mrs. M. H. Ferris and Dr. E. M. Ammons entered into a construction contract with J. L. Stover and L. C. Loper d/b/a Construction Associates on August 16, 1963, to construct certain improvements upon property owned by Ferris...

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