(Download) "Mid-Continent Supply Co. v. Hauser" by Supreme Court of Kansas # Book PDF Kindle ePub Free

March 01, 2021

eBook details

Title: Mid-Continent Supply Co. v. Hauser
Author : Supreme Court of Kansas
Release Date : January 10, 1954
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 64 KB

Description

The opinion of the court was delivered by This was an action to foreclose a mortgage covering two oil and
gas leaseholds. The question in controversy is whether the funds
from oil production from said leaseholds in the hands of the
operating receiver should be applied to the unsatisfied part of
the first or second mortgagee's judgments. The appellee
Mid-Continent Supply Company, a corporation, will be hereinafter
referred to as plaintiff or first mortgagee, and the appellants
Fred M. Hauser, Lloyd Hauser and Nolan Hauser, as second
mortgagees or defendants Hauser. The pertinent facts are: On November 21, 1950, for the purpose of securing a series of
notes given for the purchase price of two oil and gas leaseholds,
Rean Oil Company, Inc. gave a mortgage covering these leaseholds
to Anschutz Production Company, Inc. By the terms of this
mortgage, the mortgagor for sufficient consideration,
[176 Kan. 11]