Lincoln Nat. Life Ins. Co. v. Freudenstein

BOBBITT, Justice.

It is conceded by all parties that C. P. Barreda is indebted to appellant the Lincoln National Life Insurance Company, for a large sum of borrowed money, and that the debt, now long-past due, is secured by a valid deed of trust creating a first lien upon certain real property owned by Bar-reda. After the debt matured the trustee under the deed of trust advertised the security for sale in May, 1935, but, at Bar-reda’s request, called off the proposed sale in order that Barreda might have further time and opportunity to try to' meet his obligations. Upon further default,…