A reservation is a clause in a deed whereby the grantor reserves some new thing to himself, issuing out of the thing granted that was not in esse before. Phillip J. Foster , for appellees. John B. Robbins, Chief Judge. This is an appeal from a decision denying appellants' attempt to enforce a reservation to repurchase an interest in land set forth in a 1961 deed. We affirm the chancellor's decision on the basis that the reservation is inapplicable to the situation before us.
Grantees desire to sell the same at and for the best price of any bona fide offer.
Appellants are the surviving grantors to that deed. Between 1967 and 1976, Ola and John Carroll conveyed several portions of the property to third parties without objection by appellants. This deed was filed in April 1993. In June 1991, John Carroll and Pauline executed a deed to themselves to create an estate by the entirety. This deed was recorded on October 14, 1992.