Coulter v. First Federal Savings & Loan Ass'n of El Dorado

(thifitN Smith, C. J.

A decree foreclosing a mortgage and giving judgment on the note it secured was rendered against appellants and in favor of appellee by the Union chancery court February 17, 1936, from which no appeal was taken. The decree, based upon a complaint filed December 13, 1935, recites that the defendants (appellants here), executed their note, secured by a mortgage on certain real property, dated July 26, 1934, the note being for $800, payable in monthly installments of $16.24, inclusive of principal and interest at the rate of eight per cent, per annum. The obligation provided…