Freiner v. Lane

Mr. Presiding Justice Stone

delivered the opinion of the court.

A chronological statement of the transactions out of which this litigation grows seems necessary to a proper understanding of the questions presented.

On January 21,1929, William Oscar Lane and Georgia Anna Lane were indebted to Holly C. Marchildon in the sum of $10,425 and in evidence thereof executed their note for that amount payable to said Marchildon, due five years after date with interest at 6 per cent, together with five interest notes, each in the amount of $625.50, and to secure the payment of these notes the Lanes on the…