John Hancock Mutual Life Insurance v. Gooley

— During the year 1922, Edward and Pauline Gooley executed a note to Farm Mortgage Security Company, for the sum of twenty thousand dollars, secured by a mortgage on their farm in Lincoln county. The note and mortgage were thereafter assigned to the plaintiff in this action, John Hancock Mutual Life Insurance Company. The note fell due November 1, 1927, and August 22, 1927, payment thereof was extended to November 1, 1932.

August 5, 1922, Mr. and Mrs. Gooley executed an agreement, by the terms of which Mr. Gooley should become the owner of the land, in case of the death of his wife.

Mr. and…