Watson v. First Nat. Bank of Coleman

The nature of this case is fully stated by the Court of Civil Appeals. See 271 S. W. 438. Briefly, the Watsons executed a note for $5,170.50, payable to the hank. It was secured by a deed of trust, duly acknowledged and recorded, on 82 acres of land. The note was renewed before it was barred, and the renewal note expressly provided that it was in renewal of the balance due on the original debt, identifying the same, and the deed of trust securing the same. . But this renewal note and deed of trust was not acknowledged and placed of record. The bank sued upon the renewal note for its debt, and…