Anthony Et Ux. v. Bank of Wiggins

On April 3, 1930, Abel Anthony and his wife executed a deed of trust to the Bank of Wiggins to secure a loan of $700 bearing interest at 8 per cent, per annum with provision for 15 per cent, attorney’s fees. One day after the President’s proclamation closing all the banks of the country for a limited period, on March 6, 1933, the Bank of Wiggins foreclosed this deed of trust, bid the land in for $75, and the trustee executed a deed to the bankj but no steps were taken to secure possession of this land until the institution of the unlawful entry and detainer suit on August 17, 1936, except…