Wright v. Lincoln County Bank

This appeal involves construction and application of an “open-end” provision for future advancements contained in a deed of trust executed by the complainant and others to secure payment of an indebtedness to the defendant, Lincoln County Bank, to which we will refer herein as “the bank.”

The salient facts of the ease, as we find them to be, are as follows:

At the time of the transaction in question here the complainant and his two brothers, Carl and Jesse Wright, owned, as tenants in common, a tract or parcel of land in the Seventeenth Civil District of Lincoln County, Tennessee, upon which…