University of Richmond v. Stone

On March 24, 1922, Nannie M. Goodwyn conveyed to H. W. Goodwyn, Trustee, the property in South Richmond, Virginia, known as the “Leader Building,” in trust to secure “the deferred purchase money on said property amounting to seventeen thousand dollars ($17,000.00), and interest and ■ evidenced by twenty-seven (27) negotiable notes of even date with this deed, drawn by the said Nannie M. Goodwyn, party of the first part, and payable to bearer at the Bank of Commerce and Trust, Manchester Branch.”

There were three principal notes, two for $2,500.00 each, and one for $12,000.00, and the remaining…