Steadman v. Lake Hills

TUCKETT, Justice:

This action was commenced by the plaintiffs to foreclose a mortgage. From a judgment awarding attorney’s fees to the plaintiffs, the defendants appeal to this court. The judgment is affirmed.

On April 15, 1954, the defendant Lake Hills, a corporation, made and executed a promissory note payable to the plaintiffs. The note was secured by a mortgage of even date in the sum of $142,000. The note and mortgage provided for installments of $15,800, payable on the 15th day of April of each year thereafter. By the terms of the note and mortgage the defendant Lake Hills agreed to pay a…