Blair v. Chamblin

This is a bill brought by the appellants, as purchasers under judgment and execution, to redeem from a prior deed of trust. The material facts, so far as they affect the opinion of the court, are as follows:

On the 12th January, 1858, one Tunisón executed to one Wright his note for $1,250, falling due in one year, bearing ten per cent, interest from date, and ending with these words: “ And if this note is not paid at maturity, the whole amount then to draw twenty-five per cent, per - annum thereafter as damages for delay.” Tunison also executed to Wright a deed of trust upon 720 acres of land…