Havis v. Thorne Inv. Co.

July 12, 1020, R. T. Barbee and wife conveyed the N. E. ¾ of Sec. 1, block JIC-2, in Hale county, to Mrs. Bertie May Carruth, retaining in the conveyance the vendor’s lien to secure the payment of ten notes of even date, each in the sum of $444.45 and interest at 8 per cent., due respectively July 1, 1030, to July 1, 1039, inclusive. This deed was recorded August 28,1029.

Thereafter, on October 6,1929, the Barbees, by written transfer, assigned the first nine of the above-mentioned ten notes to appellee Thorne Investment Company, expressly stipulating in the transfer that note No. 10, retained…