Denver Joint Stock Land Bank of Denver v. Preston

Blume, Chief Justice.

On February 24, 1924, Archie B. Preston and Lola Preston, husband and wife, executed and delivered to the plaintff, then known as First Joint Stock Land Bank of Cheyenne, two promissory notes in writing, one for $5,000 and one for $3,000, payable in installments upon an amortization plan. Power was given to declare the whole sum to be due upon default. Certain payments were made, but the installments maturing on April 1, 1932, and thereafter, were not paid, and plaintiff declared the whole debt to be immediately due and payable. The notes were secured by a mortgage, or…