Flato Brothers, Inc. v. Builders Loan Co. of Dallas

DIXON, Chief Justice.

Appellee Builders Loan Company of Dallas, Texas, hereinafter called Builders, filed this suit against appellants Flato Brothers, Inc. and Robert H. Flato and Fred Flato individually. Appellants have appealed from a deficiency judgment following foreclosure of a deed of trust lien against several tracts of land in Nueces County. •

On April 3, 1968 appellant Flato Brothers, Inc. executed a note and deed of trust in the principal amount of $206,245 payable 360 days after date. Appellants Robert H. Flato and Fred Flato executed a written agreement as guarantors of payment of…