Crace v. Morgan County National Bank

Opinion of the Court by

Chief Justice Clay—

Reversing.

On December 16, 1926, Lee Crace, as principal, and his wife Emma Crace, executed and delivered to the Morgan County National Bank -their- note for $3,000, payable on demand. To secure the nlote Crace and wife on January 13, 1927, executed, acknowledged, and delivered to the bank a mortgage covering two tracts of land, one belonging to the wife and the other to Crace. The indebtedness not having been paid, the bank brought this action to recover on the note and enforce its mortgage lien. Emma Crace pleaded non est factum and took several…