Van Meter v. American Central Life Ins. Co.

HALL, Chief Justice.

J. C. Van Meter executed and delivered to Biggs Investment Company his two promissory notes, one for $1,000, due April 1, 1923, and one for $6,000, due April 1, 1932. Both notes provided for interest with interest coupons attached, at the rate of 6½ per cent, per annum until maturity and thereafter at the rate of 10 per cent, per annum. At the same time Van Meter, for the purpose of securing the payment of said notes, executed deeds of trust conveying section 93, block K-5, in Old-ham county. This suit was instituted to recover upon the note for $6,000.

Plaintiff Insurance…