Tayloe v. Federal Land Bank of Houston

WALKER, Chief Justice.

On the 22nd day of June, 1925, Lee Tayloe, a single man, individually and as survivor of the community estate of himself and his deceased wife, executed and delivered his note to appellee, The Federal Land Bank of Houston, for the sum of $13,000, and secured the note by deed of trust on certain real estate situated in Red River County; on its- face, the note was payable to appellee at its office in Harris County, in sixty-eight semiannual installments, and gave the holder the right, on default in any payment, to mature all future installments. Under the provisions of the…