Newman v. Ohio Valley Fire & Marine Insurance

Opinion of the Court by

Judge McCandless

Affirming.

On the 11th of March, 1924, Fred A. Vaughn, as receiver of the Ohio Valley Fire & Marine Insurance Company, filed suit in the Ballard circuit court against A. L. Newman to recover $37,863.40 on a note executed by the defendant to that corporation on the 1st of March, 1922, and to enforce a lien on seven tracts of 'land aggregating 1,155½ acres upon which the defendant had executed a mortgage to secure the note, both papers having been executed simultaneously. Certain banks to whom this note and certain portions of the equity therein had been…