Barrow v. Caffery

On February 10, 1925, Robex-t Ruffin Barrow sold to Doneldson Ofiffery certain real estate for $75,000 of which price $35,000 was paid in cash. For the balance the purchaser executed his note to his own order and by him indorsed in blank and payable one year after date. The note was paraphed to identify it with the act of sale and mortgage. The act was authentic and imported a confession of judgment authorizing the holder as well as any future holder of the note, in case of nonpayment at maturity, tc> seize and sell the property without benefit of appraisement to satisfy the debt.

The act of…