Frazier v. Yett

GREENE, Judge.

Dorman E. Frazier and Cletta B. Frazier, husband and wife, sued Virgie O. Yett and John N. Wiles, seeking to enjoin them from foreclosing upon and selling the Fraziers’ 199 acre farm, contending that they were not personally liable on certain promissory notes secured by a deed of trust on the farm, as such debts, as evidenced by the notes, had been “forgiven” by Virgie. Virgie is the widow of W.T. Yett, who had advanced money to the Fraziers.

The two notes in question, executed by the Fraziers on August 9,1976, were in the sums of $100,000 and $60,021.87. Payments of principal…