Commonwealth Life Insurance Co. v. Combs

Opinion op the Court by

Judge Clay

Reversing on original and affirming on cross-appeal.

On March 20, 1926, Taitón Combs, and his wife, Gracie Combs, mortgaged certain real property in Hazard to the Commonwealth Life Insurance Company to secure an indebtedness of $7,000, represented by several notes. Thereafter Combs became indebted to the First National Bank of Hazard for approximately $6,700, the First State Bank of Yicco for $1,500, to the Perry County State Bank for $600, and to the Hazard Bank & Trust Company for $300. Billie Baker, French Evans, and D. Y. Wooten were sureties on the various…