Inman v. Texas Land & Mortgage Co.

JACKSON, Justice.

January 17, 1925, Charles S. Inman and his wife, Dora Inman, executed and delivered to the Texas Land & Mortgage Company, Limited, three notes, the first for the sum of $350, due January 1, 1926, the second for the sum of $750, due January 1, 1927, and the third for the sum of $10,000, due January 1, 1932. Each of the notes provided for interest at the rate of 8 per cent, per annum, payable annually, and .10 per cent, per annum on principal and interest after maturity, that in case of default in the payment of any installment of interest when due, the principal and interest…