Hatch v. First State Bank of Brackettville

F. R. and A. Benton, as principals, executed their joint note payable to the First State Bank of Brackettville; and R. B. Hatch and J. D. Sheppard executed the note as sureties. Subsequently F. R. Benton executed and' delivered to- the bank a mortgage upon 700 head of sheep to secure the payment of the note, and later the Ben-tons, with the consent of the bank, exchanged some of the sheep covered by the mortgage for goats whereby the security was reduced, or at least changed, from 700 sheep to 300 sheep and 200 goats. The mortgage, however, remained in force as originally executed. The…