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PHILMON v. MID-STATE HOMES, INC.

No. 5-4714.

434 S.W.2d 84 (1968)

Tyree PHILMON et ux., Appellants, v. MID-STATE HOMES, INC., Appellee.

Supreme Court of Arkansas.

November 25, 1968.

Attorney(s) appearing for the Case

Wayne Foster, Little Rock, for appellants.

Spencer & Spencer, El Dorado, for appellee.

HARRIS, Chief Justice.

On July 11, 1962, appellants, Tyree Philmon and wife, executed a promissory note and mortgage to Jim Walter Corporation securing the sum of $4,464.00, payable in 120 monthly installments of $37.20 each, payments to commence on September 12, 1962, and payable thereafter on the 15th day of each month. The note and mortgage were assigned to appellee, Mid-State Homes, Inc. The money borrowed was used in the construction of a Shell home, which has...

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