Giles v. Union Land Co.

On May 20, 1911, W. C. Cor-bett executed and delivered to J. J. Sweeney his note for $22,500, due three years after date, bearing 9 per cent, interest, payable semiannually, providing for the usual attorney’s fees, and also providing that failure to pay any installment of interest when due, or failure to pay all the taxes and assessments upon the land described in the deed of trust securing said note, should, at the election of the holder thereof, mature said note. At the time of the trial said note bore the following indorsement: “5/30/12 Paid a/c interest $500.00” To secure said note,…