Brown v. Lubbock Development Corp.

JACKSON, Justice.

The Lubbock Development Corporation, on July 15, 1929, executed and delivered its promissory note in the sum of $8,000, payable to J. A. Brown on or before one year from date, with interest at the rate of 8 per cent, per annum, and contemporaneously therewith executed its deed of trust on certain real estate to secure the payment of said note.

The date of payment was thereafter extended and the note indorsed by F. R. Friend and I. O. Enochs.

On July 15, 1933, a note for the sum of $S,-510.40, in renewal and extension of the original indebtedness, was executed by the Lubbock…