Aiken Mortgage & Realty Co. v. Altman

The opinion of the Court was delivered by

Mr. Chief Justice Stabler.

The following facts are conceded or undisputed: On August 3, 1912, the defendant, W. M. Altman, gave to the Bank of Western Carolina a mortgage of real estate, the lien created thereby maturing on August 3, 1913. This mortgage was executed by Altman to secure a bond made by him at the same time, and under the terms of which he promised to pay to the bank $1,019.48, with interest, one year from date thereof. It appears from the record that several notes representing the debt were later given by the mortgagor, the last of these…