Bank v. . Bank

This case was heard below upon facts agreed, as follows:

1. Both plaintiff and defendant Scotland Neck Bank are, and were at the time of the acts hereinafter set out, corporations of this State, doing a general banking business.

2. On 1 November, 1904, S.W. Morrisett and J. G. Morrisett, partners as Morrisett Bros., gave their note to defendant Scotland Neck Bank for $1,500, for borrowed money, and to secure the same, S.W. Morrisett and wife executed to the said Scotland Neck (240) Bank a mortgage on real estate in the town of Scotland Neck, N.C. which was duly recorded.

3. Some time after the…