Bakersfield Home Building Co. v. J. K. McAlpine Land & Development Co.

HAINES, J., pro tem.

The complaint in this action alleges the execution by defendant to plaintiff of a promissory note dated October 28, 1930, for $2,500 with interest, payable at the rate of $50 per month, including interest, commencing November 28, 1930, also the coincident execution by defendant to secure the note of a deed of trust affecting certain real property in Kern County to Bank of America of California, a corporation, as trustee for plaintiff’s benefit. It is further alleged that prior to February 9, 1936, no part of said indebtedness had been paid except the interest to August 15,…