Tilton v. Boland

The facts are virtually free of dispute. The John Bain Investment Company, to which we shall hereafter refer as the Bain Company, was engaged in the mortgage loan business in Portland. In the early part of August, 1927, the defendant desired to borrow $1,500 upon the security of a parcel of Portland property which she owned. August 8,1927, she executed and delivered to the Bain Company a note for $1,500, payable three years hence at that company’s office, to it or to its order, and also a mortgage in which she described her aforementioned property to secure payment of the note. The note bore…