Ingalls v. Morgan

In November, 1836, Austin Cross confessed a judgment, by bond and warrant of attorney, in favor of the defendant for $20,000. The bond was conditioned to *228pay $4,713.98 and interest, and future advances. By a written agreement, made at the same time, the defendant promised to make further advances to Cross, until the amount (including his prior indebtedness) should reach $10,000, for which the judgment was to stand as security; and Cross promised to assign to the defendant, as further security, notes and mortgages to the amount of ten thousand dollars, and to keep that amount of such…