Sherman v. Bramham

On January 26, 1924, William G. Bramham and wife (the appellees in this case) executed their promissory note for $12,000 to Southgate Jones, and on the same date executed and delivered to W. J. Brogden, trustee, a deed of trust to secure the note. On the same date the Bramhams also made their other note for $12,000 to the First National Bank of Durham, N. C., to repay that amount then borrowed from the bank. The deed of trust to secure the first-mentioned note covered a residence property-then purchased by the Bramhams and paid for in part by the money borrowed from the bank, and the deed of…