Obici v. Furcron

By deed dated June 26, 1925, and duly recorded in the clerk’s office of the Corporation Court of the city of Norfolk, Pauline C. Scalco and her husband conveyed certain property to A. P. Grice, trustee, to secure a debt of $15,000, evidenced by fifteen notes for $1,000, each, payable to bearer at the office of Guaranty Title and Trust Corporation, Norfolk, Virginia. Two thousand dollars of the principal became due each year for four years, i. e., on June 26, 1926, 1927, 1928 and 1929, the balance on June 26, 1930. Interest coupons, payable semi-annually, were attached to each note.

The…