Cameron State Bank v. Demarest

H. GARLAND PAVY, Judge Pro Tem.

This case questions whether Cameron State Bank (plaintiff-appellee) has a valid mortgage on the property of the late Ed-mand Demarest.

On August 23,1978, Larry Demarest and his parents, Mr. and Mrs. Edmand Demar-est, executed a promissory note for $11,-423.40 payable to the bank in installments. This note was for the purchase price of a mobile home for the son. The transaction was substantially completed at that time and funds disbursed. Later, on September 21,1978, the same parties executed another promissory note for the same amount also in favor of the…