697. Priority between annuities.

Where a will creates more than one annuity1, and there are insufficient assets to pay all of them in full, the question of priority between them is a matter of construction. A direction to pay a particular annuity out of residue may postpone it to other annuities given by the will not subject to such a direction2. However, where a testator grants an annuity to A and 'subject thereto' devises estates, and by subsequent codicils charges the same estates with other annuities, A's annuity will have priority3. It has been held that the words 'in the first place'