Leach v. Reserve Realty Co.

DUNKLIN, Chief Justice.

William L. Leach and wife, Alma Leach, executed their two certain promissory notes, payable to the order of the Franklin Bond & Mortgage Confpany, together with a deed of trust of even date with the notes on lot 4, block 53-A, Highland addition to the city of Wichita Palls, Tex., to secure the same. The" first of said notes, in the principal sum of $3,200, was by the terms of the deed of trust made a first lien on the property, and the lien securing the other note, which was for interest only, was made subordinate to that note.

The first note Was duly transferred and…