Ward v. Watkins

Duckworth, Chief Justice.

The secured note is for $1,000 payable monthly at the rate of $18.88 beginning January 1, 1951, and refers to the security deed to secure the same of even date and contains this provision: “Should any installment not be paid when due . . . the entire unpaid principal sum evidenced by this note, with all accrued interest, shall, at the option of the holder, and without notice to the undersigned, become due and may be .collected forthwith.” The security deed definitely describes the note and contains this clause: “In case this debt is not paid promptly when due, I…