Farmers & Depositors Bank v. Taylor

Opinion of the Court by

Judge Thomas

Reversing-

On August 14th, 1940, appellee and defendant below, Ben F. Taylor, borrowed from appellant and plaintiff below, Farmers and Depositors Bank, at St. Matthews, Kentucky, the sum of $483.62, balance due on a Plymouth automobile which defendant had purchased from some dealer and upon which he had made an initial payment. The amount borrowed was agreed to be paid in installments at different periods throughout the year following the date of the loan and to secure the entire indebtedness defendant executed to plaintiff a mortgage, in the form of a…