STEPHENS, District Judge.
By motion filed March 2, 1962, defendant moved this Court to grant a summary judgment pursuant to Fed.R.Civ.P., Rule 56(c), Title 28 U.S.C.A.
The following facts are stipulated and require no proof for the purposes of this motion:
On March 19, 1959, Bonnie Hill Homes, Inc. acquired a certain parcel of real property through purchase at a foreclosure sale held under the third deed of trust. As a result of the sale all encumbrances...
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