Lincoln Joint Stock Land Bank v. Williams

The record, which is all documentary, discloses the following situation:

On February 25, 1927, the defendants Marshall J. Williams and Gertrude L. Williams executed and delivered to the Lincoln Joint Stock Land Bank of Lincoln, Nebraska, their promissory note for $37,000, with interest at 514 Per cent Per annum, payable in semiannual installments as follows: $1,111.08 on the 1st day of August, 1927, and a like sum every six months thereafter until eighty such semi-annual payments were made; also providing for interest at 8 per cent on the defaulted payments. The said promissory note was…