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KOEHLER v. PIONEER AMERICAN INSURANCE COMPANY

No. 16916.

425 S.W.2d 889 (1968)

W. R. KOEHLER, Appellant, v. PIONEER AMERICAN INSURANCE COMPANY, Appellee.

Court of Civil Appeals of Texas, Fort Worth.

February 23, 1968.

Attorney(s) appearing for the Case

Smith & Baker, Lubbock, for appellant.

McDonald, Sanders, Wynn, Ginsburg, Phillips & Maddox, and C. Harold Brown, Fort Worth, for appellee.

OPINION

RENFRO, Justice.

The defendant, W. R. Koehler, executed his note in the sum of $100,000 payable in monthly installments to plaintiff, Pioneer American Insurance Company, and executed a deed of trust securing payment.

Payments became in default and substitute trustee, after notice posted, sold the property to plaintiff for the sum of $25,000.00, which was credited on the note. There remained a balance due of $59,681.03. It was for this sum...

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