Hall's Executors v. Federal Land Bank of Louisville

Opinion op the Court by

Judge Thomas

Affirming.

On April 4, 1922, Clayton Hisle and wife borrowed from tbe appellee and plaintiff below tbe Federal Land Bank of Louisville, Ky., $10,000, for wbicb they executed tbeir joint note,.in wbicb semiannual installments of interest and similar payments on tbe principal were agreed to be made until tbe principal should finally be paid in 1955. To secure tbe note and all of its obligations, tbe parties executed and delivered to plaintiff a mortgage on a valuable tract of land in Clark county, Ky., containing about 121 acres, wbicb was in a high state of…