Studebaker Bros. Manufacturing Co. v. McCargur

Maxwell, Ch. J.

On the 6th dáy of March, 1874, J. D. Brasel and David. Gilmer executed a mortgage upon the premises in controversy “in favor of one J. D. Hite; said mortgage being given to secure four promissory notes of even date therewith, executed by Brasel & Gilmer in favor of said Hite; said notes being described in the mortgage as follows:

One for $98.00, due March 6th, 1875

“ 100.00 “ “ 1876

“ $100.00 “ “ 1877

“ $200.00 “ “ 1878.

“All of said notes bearing interest at ten per cent per annum from date. July 12, 1875, J. D. Hite assigned this mortgage to one L. F. Taylor, the assignment, duly…