Gate City Building & Loan Ass'n v. Frisby

Hast, C. J.,

(after stating the facts). The chancellor found that the Gate City Building & Loan Association had the paramount lien on the lands involved in the action and decreed a foreclosure of its mortgage under its cross-complaint for the amount due under its mortgage. In ascertaining the amount due appellant under its mortgage and in finding the amount appellant should recover upon the basis of the cancellation of the stock in said association described in appellant’s notes and mortgages, the chancery court held that, to ascertain- the present value of the principal and the unmatured…