Houston v. Lohman

This suit was originally brought by H. M. Houston, now deceased, against the appellee on January 31,1933, to foreclose a deed of trust executed by appellee to secure the payment of a promissory note in the sum of $15,550, the note and deed of trust being dated March 2, 1932, due three years after date with interest from date at ten per cent., payable semi-annually. Said deed of trust contained an. acceleration clause which provided that, on default in the payment of interest or taxes and assessments, and to keep the edifices insured, then the Avhole amount of the indebtedness might be…