Horridge v. Nichols

*296*295The note sued upon was for $2,000, dated February 1, 1916, and payable 5 years from date, with 5 per cent interest. Assuming the note to be negotiable, the plaintiff *296was a holder in due course for the full value, and without notice. . The note, however, contained a clause which rendered it nonnegotiable, under our holding in Cedar Rapids Nat. Bank v. Weber, 180 Iowa 966. The note was given by the defendant F. G. Nichols to one Fry, pursuant to a contract of exchange of real estate, whereby Nichols conveyed to Fry his equity in certain Colorado land, and whereby Fry conveyed to Nichols his…