Rader v. Barner

On October 23,1930, plaintiff executed his promissory note in the sum of $200 in favor of the Alsea State Bank. The note was made payable six months after date, and was secured by a mortgage of approximately 145 acres of land in Benton county, Oregon. On the same day, the plaintiff executed another note to the same bank in the sum of $214, also payable six months after date. This note was secured by mortgage of certain chattels. Both notes bore interest at the rate of eight per cent per annum.

The Alsea State Bank was a small country bank, operating in the Alsea community in Benton county, and…