Federal Land Bank v. Lee

The appellees filed a bill in the chancery court of Pearl River county, alleging that they were the owners of certain land in that county on which the Federal Land Bank of New Orleans held a deed of trust executed by appellees on June 16,1924, to secure an indebtedness to be paid in thirty-five annual installments; that they paid all of the installments up to and including that due December 15, 1929, and they paid all taxes on said land up to and including the year 1930, but had made default in the payment of the installments and taxes on account of the financial depression. They further…