Varno v. Tindall

Complainants, Yarno and wife, allege that they were owners of a house and lot in Memphis which was encumbered by a mortgage for $6,000; that on March 24, 1930, they made to defendant a second mortgage of $1000, evidenced by forty notes, payable monthly, of $25 each; that they paid the first seven of these notes; that claiming default defendant caused the property to he sold under said second mortgage, July 9, 1931, bidding it in at the price of $300 for this equity.

Complainants set forth, two grounds of action. They say, first, that only $700' was in fact loaned to them, the difference of…