Morris v. Carlisle

The opinion of the Court was delivered by

Mr. Justice Eraser.

This is an action to foreclose a mortgage. The mortgagor borrowed $1,000 from the People’s Bank of Anderson on January 14, 1916, and gave his promissory note for $1,080, payable in 12 months from date. This note was secured by a mortgage of real estate. A few days after the note and mortgage were executed they were assigned for full value to Miss M. A. Morris by the bank. Mr. Holleman, the president of the bank, acted for Miss Morris in the collection of interest. Miss Morris would take the securities to the bank when the payments of…