City State Bank in Wellington v. Bailey

FOLLEY, Justice.

In 1922 the appellee, W. D. Bailey, Jr. and wife, Ethel Maye Bailey, secured a $7000 loan from the Federal Land Bank of Houston and as security therefor executed a deed of trust upon Section 31, Block 11, H. & G. N. Ry. Co. Survey in Collingsworth County. On January 7, 1931, the appellees executed a note for $499.45, payable to the Shamburger Lumber Company, and to secure the same executed a deed of trust in favor of the lumber company upon the same land theretofore mortgaged to the Federal Land Bank. On April 4, 1933, the Shamburger Lumber Company filed suit against the…