Eastern Mortgage & Securities Co. v. Guenthner

BAUGH, Justice.

L. F. Guenthner and E. P. Ramsey sued Eastern Mortgage & Securities Company and the National Bond & Mortgage Corporation to cancel certain notes originally executed by Guenthner to the National Bond & Mortgage Corporation, on the ground that they were usurious, and had been paid; and to cancel a deed of trust lien on property in San Angelo, Tex., given to secure their payment. In a trial to the court without a jury, the court granted the relief prayed for, from which the Eastern Mortgage & Securities Company has prosecuted this writ of error.

In all material respects the loan…