Oxley v. Southland Life Ins. Co.

This action was brought in the district court of Coal county by the Southland Life Insurance Company against M. E-. and S-allie Oxley and Dickerson-ReedRanderson to recover on a promissory note and to foreclose a real estate mortgage given on land situated in Coal and Johnston counties to secure the same.

The note was originally executed by defendants Oxley to their codefendant, and by it sold, transferred, and indorsed to plaintiff herein. Plaintiff alleges that it purchased the note from the Dickerson Company before maturity, and it is an innocent purchaser for value. Defendant Dickerson…