John Hancock Mut. Life Ins. Co. v. Howard

ALEXANDER, Justice.

On August 1, 1927, Charles F. Howard and Mrs. Mary C. Howard, a single woman, executed and delivered to John Hancock Mutual Life Insurance Company a deed of trust on 73 acres of land in Mc-Lennan county to secure the payment of a loan in the sum of $2,200 due in 1937. In 1931, Charles F. Howard conveyed his interest in the land to Miss Lula Howard. In June, 1933, the insurance company, in accordance with the terms of the note, declared its loan due for the failure to pay the annual interest, caused notices to be posted and the property sold under the powers given in the…