Wartman v. Brown

Jessie M. Murphy (now Jessie M. Wartman) on August 11, 1927, executed and delivered to W. J. Brown her note for $500. The note was due on May 10, 1932, and bore interest from date at the rate of 7 per cent, per annum, and it was stipulated in the note that the interest should be paid semiannually. The note recited that the $500 principal was part of the purchase-money for a “house and lot, No. 372 Felton Drive, Atlanta.” On November 12, 1927, Murphy, the maker of the note, executed and delivered to Brown a loan deed to secure the payment of the note. The deed conveyed the “improved property…