Williamsburg Savings Bank v. Donohoe

On March 7, 1923, John and Bose Ann Donohoe executed their promissory note for $10,133.50 to the Williamsburg Savings Bank, of Williamsburg, Iowa, due March 1, 1924, together with a mortgage upon certain real property in Iowa County, to secure the payment thereof. Subsequently, an indorsement was written on the back of the note, and signed by the makers-and appellant, as follows:

“December 16, 1924.

“We hereby request extension of time on the within note to the first day of July, 1925, and hereby agree to pay and guarantee the payment of said note on July 1st, 1925, and hereby waive presentment…