Oglesby v. Prudential Insurance Co. of America

Opinion of the Court by

Judge Thomas

Affirming.

On June 7, 1929, tbe appellant and defendant below, C. M. Oglesby, borrowed from tbe appellee and plaintiff below, Prudential Insurance Company of America, tbe sum of $11,000, for wbicb be executed bis note and secured it by a mortgage on some real property in Louisville, Ky., consisting of a double apartment bouse. Under tbe borrowing agreement, wbicb was incorporated in tbe note and mortgage, defendant agreed to pay tbe interest on tbe principal sum borrowed semiannually beginning on? tbe date of tbe loan, June 7, 1929; but he was not to pay any…