Horne v. Payne

OPINION

BROCK, Chief Justice.

In February, 1974, the petitioner, Mildred P. Horne, joined in a deed of trust executed by her son, Onzie 0. Horne, Jr., and his wife, Doris Horne, which was given to secure an indebtedness in the sum of $79,-073.72 owed by Onzie O. Horne, Jr., to Union Protective Life Insurance Company. Petitioner, Mrs. Horne, did not assume the indebtedness of her son but merely pledged her home, a house and lot located at 1602 South Parkway East in Memphis, as a part *102of the security for that indebtedness. The deed of trust also included three parcels of land owned by Onzie 0.…