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BYNUM v. PEOPLES STATE BANK OF TURKEY

No. 6163.

243 S.W.2d 190 (1951)

BYNUM et al. v. PEOPLES STATE BANK OF TURKEY.

Court of Civil Appeals of Texas, Amarillo.

September 24, 1951.

Attorney(s) appearing for the Case

Howard Traweek and C. W. Norrid, Matador, for appellants.

Hamilton & Deaver, Memphis, for appellee.

MARTIN, Justice.

Appellee, Peoples State Bank of Turkey, Texas, in making a loan of $8,125 to Glea Moseley to buy farming equipment and to finance farming operations, required as a condition to making the loan that appellants, T. A. Bynum and A. D. Moseley, execute the promissory note with Glea Moseley to secure the debt. Glea Moseley also executed a chattel mortgage to secure the note. This mortgage provided among other stipulations, "the payment of all other indebtedness...

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