Home Savings Bank v. Heizer

The action is in equity, to foreclose a real estate mortgage securing three notes- aggregating $4,950. The notes are renewals of a note originally given by the appellants for stock in the American Bankers’ Securities Company. The original note was given in 1919, and on September 28, 1920, was renewed by a note secured by mortgage. There appears to have been another renewal; but, be that as it may, on April 1, 1923, the notes and mortgage in suit were executed in renewal of the then outstanding note and mortgage. The original note was taken by the appellee bank as collateral security for a…