Bank of Mulberry v. Sprague

This suit was brought by Sprague and his wife to foreclose a mortgage given to them by W. W. Mahan and wife to secure a note payable to their order for the sum of $400, dated March 8,1916, and due twenty-four months after date. The complaint was filed April 14, 1930, and alleged that the property mortgaged was an undivided one-eighth interest in the land described, which Mahan had inherited from his father, W. Mahan. On the back of the note there appeared the following indorsements: “$80 Sept. 26, 1918. Rec’d of F. L. Wagner eighty dollars. (Signed) Herbert Sprague. April 4, 1920. Rec’d of F.…