Ormsby v. State Life Ins. Co.

LOONEY, Justice.

On April 1, 1934, plaintiff in error, who will be referred to herein as plaintiff, borrowed from Realty Trust Company $3,000, to bear 8% interest per annum, evidenced by a principal note for $3,000, bearing 6% interest, payable in ten (10) semi-annual installments, nine (9) of which were for $100 each, and the last was for $2,100; also, ten 2% interest notes having the same maturity dates as the installments due upon the principal note, ranging in amounts- from $30 to $21. Each series was secured by a separate deed of trust on the same lot or parcel of land, situated in the…