Dove v. Federal Deposit Insurance Corporation

Sognier, Judge.

After sending the proper notice for expenses and attorney fees, Federal Deposit Insurance Corp. (FDIC) sued Dennis R. Dove and John L. Tyra seeking recovery on a note for $25,000 jointly executed by appellants on July. 7, 1976 and delivered to the Hamilton Bank and Trust Co. Hamilton Bank was placed in receivership and FDIC purchased the note from the receiver. On October 29,1976 appellant Dove sent a check for $562.50 to Hamilton for interest due on October 5, 1976. This was received and deposited by FDIC. The $25,000 principal remained due and payable. Appellants answered…