Beasley v. Ross

KNIGHT, Justice.

Bill for redemption and accounting.

It appears from the averments of the bill that the complainant, appellant here, on the 16th day of July, 1927, was indebted to respondent, appellee, in the sum of $3,-500, and to secure the payment of said indebtedness, and the interest to accrue thereon, the complainant, along with his wife, executed to the respondent a mortgage on certain real estate in the city of Eufaula, Ala. The indebtedness, under the terms of the mortgage, was payable in annual installments, with interest thereon payable annually. To evidence the annual installments…