Bateman v. Brown

On January 2, 1919, the ap-pellee Brown and his wife conveyed certain land in Grayson county, and described in the appellee’s petition, to J. O. Renfrow by warranty deed, and as part consideration Ren-frow executed two notes, one for $10,000, and the other for $7,426.25. Both notes matured January 1, 1929, bore interest at 7 per cent, per annum, payable annually; each note contained the usual acceleration clause, providing that the holder at his option might declare both notes due upon failure to pay any annual installment of interest at its maturity. The vendor’s lien was retained, and also…