Minor v. Neely

Undercofler, Justice.

Dr. James B. Minor, executor of the estate of L. L. Minor, Sr., filed this suit in 1979 against John J. Neely, Jr., executor of the estate of L. L. Minor, Jr., seeking to quiet title to two tracts of land conveyed by L. L. Minor, Jr., to L. L. Minor, Sr. These tracts were conveyed by security deeds in 1952 and 1957 in order to secure promissory notes executed in 1952 and 1957.

The parties stipulated at trial that the issue for decision is whether the two security deeds, both of which contain an “open end” or “dragnet” clause, have been renewed and extended by notes…