Isbell v. Flippen

On June 18, 1929, Ben Wood executed and delivered to his brother, John B. Wood, a promissory note in the principal sum of $18,000, payable to bearer five years after date, and bearing interest at the rate of six per cent per annum. This principal note and a series of notes representing the interest obligation were secured by a deed of trust, of even date, from the debtor to Norman L. Flippen, trustee, covering certain real estate in the city of Richmond. As further security for the payment of the debt, Ben Wood executed, on the same day, an assignment to his brother of the rents from certain…