Western Loan & Building Co. v. McGillivrae

The respondent made a building loan to the appellants in the sum of twelve thousand dollars, which was evidenced by the following note secured by mortgage:

“$12,000.00 Bremerton, Washington, April 12, 1921.

“For value received, wé'promise to pay to the order of the Western Loan and Building Company, a corporation, at its office in Salt Lake City, Utah, the sum of twelve thousand dollars, with interest thereon at the rate of twelve per cent, per annum, principal and interest payable monthly, as follows:

“Two hundred fifteen and 40/100ths dollars on the 16th day of each and every month, commencing…