Lyttle v. Mathews Investment Co., Inc.

On the 26th day of February, 1930, appellant, Z. Y. Lyttle, executed his bond or note for $2,500 to appellee, Mathews Investment Company, Inc., and executed a deed of trust to secure same on certain real estate in John T. Torrence addition to the city of Russellville, Arkansas. The note provided for liquidation of both principal and interest by monthly payments of $41.25 for 84 consecutive months and parenthetically stated that same “is made up of the sum of $22.50 as installments of principal and $18.75 as installments of interest upon said loan.” It was provided that appellant might repay…