Stanley v. Columbus State Bank

BOYD, Justice.

On May 17, 1952, appellants Lincoln H. Stanley and wife, as part consideration for the purchase of an 18-acre tract on which was situated a motel, executed and delivered to Mrs. Monetta V. Daniels a note in the principal sum of $37,722.50, bearing interest from date at five per cent per an-num, and at ten per cent per annum after maturity, due in monthly installments of $400.13, beginning July 1, 1952, with accelerated maturity and ten per cent attorney’s fees clauses, and secured by vendor’s and deed of trust liens on said property. Mrs. Daniels immediately endorsed and…