Security Bank v. First National Bank

George Howard, Jr., Justice.

We are to decide whether the trial court’s holding that a deed of trust executed by Gene Prater and Shirley Prater, his wife, on November 13, 1974, whereby their home was to secure a promissory note in the sum of $16,000.00 representing a loan as purchase money for their home, also secures business loans made to Gene Prater individually, prior and subsequent to the loan of November 13, 1974, is supported by a preponderance of the evidence.

THE FACTS

On November 13, 1974, Gene Prater and Shirley Prater, his wife, executed a deed of trust to First National Bank of…