Shiver v. Liberty Building-Loan Assn.

*297EDMONDS, J.

The decisive question in this case concerns the validity of a $300 note secured by a second deed of trust exacted of the appellant by the respondent Liberty Building-Loan Assn, as a condition of its assent to the refinancing of a mortgage debt by the Home Owners’ Loan Corporation.

The record shows that in 1934 the appellant sought the help of the Home Owners’ Loan Corporation. He then owed the building and loan association a balance of $2,228 upon a note secured by a deed of trust upon his home. This obligation was finally refinanced. The appellant executed a deed of trust to the…