Boyd v. Monroe Circuit Judge

Plaintiffs were the owners of a farm of 215 acres in Monroe county which was sold on mortgage foreclosure sale. They applied to the State bank of Petersburg for a loan. The bank took a deed of the farm and a note of $5,900 dated April 10, 1928, due on or before six months after' date, signed by the plaintiffs and by T. J. Irelan and Fern M. Irelan, his wife. Irelan was a son-in-law of plaintiffs. The note contained provisions as follows :

“Having deposited and pledged with said bank as collateral security for the payment of this note, and any other indebtedness due, or to become due, from me…