Stroud v. Loper

The appellee, complainant in the court below, filed a bill in the Chancery Court for foreclosure of the deed of trust, and collection of the debt secured thereby, with interest and attorney’s fees. This note and deed of trust were executed by W. Q. Stroud and his wife on July 13, 1935, in the principal sum of $1,500, due on October 15, 1935, payable to Loper & Company, a partnership. After execution of the note it was assigned as collateral security for a note executed by Ployd Loper and his wife, Nona B. Loper, to the First National Bank of Meridian, Mississippi. Among other collateral…