Proctor v. Peoples Bank of Morehead

Opinion op the Court by

Judge Thomas

Affirming.

On April 30, 1932, the appellants and defendants below, W. E. Proctor and wife, executed their joint note to the appellee and plaintiff below, Peoples Bank of Morehead, by which they agreed and promised to pay it four months thereafter the sum of $7,000. To secure the note defendants simultaneously with executing it gave a mortgage to plaintiff on four separate pieces of real estate in Rowan county which was acknowledged, delivered and recorded. Some small payments were made on the note from time to time and the interest was paid on it, or a…