Smith v. Zabel

McMahan, J. —

On August 27, 1920, Fred D. and John Zabel executed their promissory note whereby they agreed to pay to Wilbur D. Smith $3,000 on March 1, 1921. This note was dated at Cooksville, Illinois, and was payable at the State Bank of Cooksville, Illinois. It contains a power of attorney authorizing any attorney- at law to appear in any court of record and confess judgment against the makers in favor of the payee or holder. Following this power of attorney is the provision that, “No extension of the time of payment, with or without our knowledge, by the receipt of interest, or otherwise,…