Bank of Chatsworth v. Patterson

On March 24, 1914, Loomis executed to Bank of Chatsworth his promissory note for the sum of $550, with interest, due six months after date. To secure the payment of the note Loomis executed to the bank his warranty deed to certain lands which were sufficiently described therein. On the same day the bank delivered to Loomis a bond conditioned to reeonvey the land to Loomis, or his assigns, upon payment of the debt. On May 25, 1915, Loomis executed to the same hank a promissory note for the sum of $2000, with interest, and provided therein that “said bank is hereby expressly authorized to…