Grimes v. Carroll

A brief history of the background of this litigation reveals that in 1927, E. L. and L. A. Grimes' executed their note in the amount of $1,666.66, — secured by a deed of trust on 80 acres of the land involved here, —to J. P. Harris. Thereafter, Harris pledged this note and security to appellees, — retail grocers in El Dorado,— to secure a debt of $1,157.69 which he owed appellees. April 9,1930, upon default, appellees brought foreclosure proceedings against Harris and E. L. and L. A. Grimes. No final decree was taken, but during the pendency of this action, an adjustment was arranged whereby…