Priest v. First Mortg. Co. of Texas, Inc.

OPINION

DIAL, Justice.

This is an appeal from a summary judgment in a usury suit. The original promissory note was executed by the American Manufactured Homes, Inc. by and through William G. Priest, President and by both appellants individually. The principal amount of $79,675.00 carried ari interest rate of 8% per annum due and payable in six months. The note was renewed on six different occasions. The interest rate was increased on each renewal, the last being 13½%. The note extensions were signed

American Manufactured Homes, Inc.

by: (s)W.G. Priest W.G. Priest

Appellants alleged that the…