Greer Bank & Trust Co. v. Waldrop

The opinion of the Court was delivered by

Mr. Justice; Cothran.

An action was first commenced on September 10, 1927, by the First National Bank of Greer, against the defendant Ordelia Waldrop and her two stepsons, S. W. Waldrop and S. T. Waldrop, for the foreclosure of a mortgage upon the house and lot involved, given to the stepsons by Ordelia Waldrop to secure a note for $2,700, dated July 14, 1924. The note and mortgage were assigned by the mortgagees, on the day of its execution, to the First National Bank of Greer, as collateral to a note due by them to the bank for the same amount. The…