United States v. Covington Independent Tobacco Warehouse Co.

SWINFORD, District Judge.

This case is before the court on motions for summary judgment filed by each of the parties.

On October 10, 1952, George R. Richardson and Mae Richardson, his wife, of R #2, Laurel, Franklin County, Indiana, borrowed from the plaintiff the sum of $2,600. The loan was made through the facilities of the Farmers Home Administration of Franklin County, Indiana. Simultaneously, the borrowers executed a note to the plaintiff which provided that annual payments of principal and interest, beginning October 10, 1953, should be made to and including October 10, 1957, the date the…