Texas Bank & Trust Co. v. Bankers' Life Co.

The facts in this case are undisputed. In 1924 appellee took a note signed by W. J. Lock and a deed of trust securing same on 146 acres of land in Hays county. In January, 1928, Lock was unable to pay the state and county taxes on said land for the year 1927, and at his request, appellant paid same, amounting to $197.07, to the tax collector of Hays county. At the time appellant paid said taxes, Lock executed his note therefor payable to appellant and secured same by a deed of trust on the 146 acres of land, and agreed both verbally and by the recitations in the deed of trust that appellant…