Coshocton Natl. Bank v. Hagans

ROSS, PJ.

In November, 1926, upon demand of the tsank, $100 was paid upon the Bank’s mortgage, and in May, 1927, in compliance with the demands of the officers of the Bank, $400 more was paid upon the principal and a new note and mortgage executed by the mortgagors for $2500. it is perfectly manifest from all the evidence that this was a renewal of the unpaid balance of the original loan and was so understood by all parties concerned. A rigorous effort was made by Willard Hagans invalidate this last mortgage. The mortgage on its face was apparently duly executed and recorded. It therefore…