General American Life Insurance Co. v. Burleson

HALL, Chief Justice.

The appellees, Burleson and wife, Mary A. Burleson, borrowed $3,000 from the Temple Trust Company on May 1, 1923, and executed one note for $3,000 due February 1, 1934. To secure the payment of this note they executed and delivered a mortgage covering the southeast quarter of section 26, block P, in Lubbock county. The principal debt bears interest at 8 per cent. There is no allegation in the pleading that more than 8 per cent, interest per annum was ever paid by appellees. The interest due on the principal debt to the extent of 6 per cent, per annum was evidenced by…