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upr000086 28

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upr000086-028
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Ht • v los Angeles, Gal. Marcia 30, 1916 Mr.Nutt, General Manager: Referring to yours of the 28th and returning herewith all papers: I have approved all.of the papers except the deed from this Company to Mr.Russell which 1 note is in form a grant, bargain and sale deed. Under the laws of Nevada, See.1063 Revised Laws 1912, one of the implied covenants of the words "grant, bargain and sell" is, that the real estate transferred is at the time of the execution of conveyance, free from imcumbrance, done, made or suffered by grantor. The land in question is specifically described in the first mortgage from this Company to Guaranty Trust Company of New York of July 1, 1911. It seems to me that unless we want to get a release from the Trustee, the deed should be made subject to the mortgage. W-F Enc