Burrows v. Nacogdoches Nat. Farm Loan Ass'n

On the 26th day of January, 1920, appellant W. D. Burrows, joined by his wife, Mary A. Burrows, executed to the Federal Land Bank of Houston' their note for $3,000 to be paid in 68 semiannual payments of $97.50 each, due on the 1st day of June and the 1st day of December during the loan period, secured by a deed of trust on certain land belonging to Burrows, the indorsement of appellee, and a mortgage on 30 shares ■of the capital stock of appellee. Burrows made default in the payment of the 5 installments maturing from June 1,1925, to June 1, 1927, inclusive. Appellee, being indorser on this…