Kellett v. Pocahontas Federal Savings & Loan Ass'n

Donald L. Corbin, Chief Judge.

This appeal comes to us from Randolph County Chancery Court. Appellants, L J., Larry, and Karen Kellett, appeal from a judgment entered in favor of appellee, Pocahontas Federal Savings and Loan Association. We affirm.

Appellants received a loan from appellee in the amount of $125,134.79 and executed a promissory note for the sum bearing interest from maturity at the rate of 13 % per annum, payable at $141,357.74 on April 24,1986. A mortgage with a power of sale, financing statement and security agreement were executed, delivered and filed to secure the note. The…