Slaughter v. Texas Life Ins. Co.

Findings of Fact. '

JENKINS, J.

On July 15, 1902, the Texas Savings Loan Association conveyed to A. L. Slaughter a lot in Waco, Tex., for the consideration of his vendor’s lien note for $860. On the same date Slaughter obtained a life insurance policy from the appellee for $900, denominated, “Gold Bond Life Insurance Policy, No. 160,” which provided for the payment of semiannual premiums of $51.05 for 100 months, and executed to the Texas Savings Loan Association a deed of trust, which recited that said $860 purchase-money note was further secured by said policy, assigned to the said…