Hill v. Delta Loan & Finance Co.

This appeal deals principally with the scope of an agent’s authority and with what is included in a “future advances” clause contained in a mortgage.

Appellee, Delta Loan and Finance Company, being the assignee of a note signed by appellants and also a note signed by appellant, Alex Redmon, brought this suit in chancery court asking for judgment against both appellants on the two notes and asking that said judgment be declared a lien against certain property described in the mortgage, and that the property be sold. The chancery court granted the relief prayed for, and appellants prosecute this…