Lackey v. First National Bank

Plaintiffs, Joseph H. Lackey and Dora A. Lackey, his wife, brought this suit on October 15,1938, to have their deed executed August 12,1935, conveying certain land to defendant First National Bank of Oblong, hereafter referred to as “defendant bank,” declared a mortgage, and for leave to redeem therefrom and to ' have cancelled certain subsequent conveyances and transfers of the land. All defendants answered, denying the deed was a mortgage and claiming it was given in part payment of a debt due defendant bank and Oblong Motor Company. The defendants who acquired interests in the land under…