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WOOD v. PARKER SQUARE STATE BANK

No. A-10867.

400 S.W.2d 898 (1966)

A. J. WOOD, Jr., Petitioner, v. PARKER SQUARE STATE BANK, Respondent.

Supreme Court of Texas.

March 23, 1966.

Attorney(s) appearing for the Case

Prothro & Sellers, Wichita Falls, for petitioner.

Nelson, Montgomery & Robertson, Wichita Falls, for respondent.

STEAKLEY, Justice.

On August 1, 1962, the Respondent bank loaned Lincoln Enterprises, Inc., the sum of $125,000.00, evidenced by a promissory note payable in five annual installments. The note was secured by a duly recorded deed of trust lien on 34.6 acres of land in Wichita County. The provisions of the deed of trust regarding future indebtedness are involved here. The first provision quoted below was added to the printed deed of trust form; the last quoted was a...

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