Seeger v. Manifold

On March 1, 1925, the defendants Manifold executed unto the plaintiff their promissory note in the principal sum of $11,000, payable in installments as follows: $1,000 March 1, 1926, and $10,000 on March 1, 1930. The indebtedness drew interest at 6 per cent. To secure the payment of the same they executed a trust deed upon a quarter section of real estate owned by them in DeKalb County, Missouri. By reason of acceleration clauses contained in the note and trust deed, the principal became due for lack of required payments, and on June 23, 1928, the real estate was sold on foreclosure, as…