Durrance v. First National Bank & Trust Co.

Durrance gave a mortgage to the First National Bank of Orlando to secure a note made a part thereof as follows:

“1000.00 November 15, 1928.

“On or before the 15th day of February, 1928, I promise to pay to First National Bank in Orlando, or order One Thousand dollars with interest at the rate of eight per cent, per annum from date until paid. Value received.

“S. E. Durrance (L. S.)”

The original note was extended and renewed by the giving of additional notes from time to time. The additional notes bore interest after maturity at the rate of ten per cent until paid, and provided for recovery of a…