Lindig v. Johnson City State Bank

1. On June 1, 1923, Otto Burrer bought 425 head of goats from Harry Beck and Her*223man Lindig, in payment for which he executed his promissory note for $1,288.90, payable five months after that date, with 8 per cent, annual interest and 10 per cent, attorney’s collection fee in case of default in payment. Said note provides: “This note is secured by 125 goats including mohair.”

Said note was acquired by Charles Lindig (father-in-law and father respectively of the payees) soon after its execution, for value, and Burrer made payments to him from time to time, until the indebtedness was reduced to…