Southern States Mortgage Co. v. Lykes

JACKSON, Justice.

February 20, 1930, O. Lykes and wife, F. E. Lykes, borrowed from the Southern States Mortgage Company, a Texas corporation, of Amarillo, $5,500.

The loan was evidenced by a series of “twenty notes or bonds called ‘bond,’ ” each of the first eighteen for the sum of $150, due respectively September 1, 1930, and March 1st and September 1st of each year thereafter to and including March 1, 1939; No. 19 for the sum of $300 due September 1, 1939, and No. 20 for $2,500 due March 1, 1940; each bearing interest from its date until maturity at the rate of 6 per cent, per annum, payable…