F. O. Ketcham Mortgage Co. v. Walker

BAUGH, Justice.

Appeal is from a judgment in favor of appellee, plaintiff below, against appellant for $1,164.68. The case arose as follows:

On September 1, 1931, Roy L. Walker borrowed from appellant mortgage company the sum of $18,000, for which he executed his note bearing interest from that date at the rate of 5½ per cent, per annum, payable as follows: $900 of the- principal and accrued interest on September 1st of each year from 1932 to 1940, and $9,900 with accrued interest on September 1, 1941. Payment of this note was secured by a deed of trust executed by Walker and wife on 2,555…