Rose v. Loughborough

This is a suit by appellee against R. R. Rice, Mary Margaret Rice, his wife, Medora S. Rice, and appellant to secure a judgment against R. R. Rice and to foreclose a mortgage on eighteen acres of land in Lincoln County, same ’being a deed absolute in form, given by the Rices as security for R. R. Rice’s note. The case was-tried upon an agreed statement of facts as follows:. “On November 1, 1926, defendant, R. R. Rice, was indebted to the People’s Savings Bank in the sum of three thousand one hundred forty-four dollars and thirty-five cents ($3,144.35) for borrowed money, and evidenced said…