First Nat. Bank of Guntersville v. Bain

BOULDIN, Justice.

The sole question presented on this appeal is the amount of indebtedness secured by mortgage upon real estate executed by W. N. Bain and Bessie A. Bain, his wife, to First National Bank of Guntersville, Alabama, of date March 5, 1925.

The opening paragraph of the mortgage, the consideration clause, reads:

“Know all Men by these presents, that W. N. Bain and Bessie A. Bain his wife, being justly indebted to the First National Bank of Guntersville, Ala., in the sum of Seven thousand five hundred and No/100 Dollar's ($7,500.00) evidenced by a Promissory note, dated March 5th, 1925…