Conservative Life Insurance v. National Exchange Bank of Wheeling

Hatcher, President:

On certification here, the second amended bill in this cause was held sufficient. See 114 W. Va. 271, 171 S. E. 530. Chaplane Hotel Realty Company (hereinafter called Realty) borrowed $75,000.00 in 1925 from the Conservative Life Insurance Company and secured the loan by a recorded deed of trust on its real estate. Payments of $10,000.00 annually were to be made on this loan. Realty was unable to make the annual payments, whereupon in May, 1929, upon its solicitation to arrange easier payments than those required under the first deed of trust, that security was released by…