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GEYER v. FIRST ARKANSAS DEVELOPMENT FINANCE CORP.

No. 5-4764.

434 S.W.2d 301 (1968)

John M. GEYER, Jr., et ux., Appellants, v. FIRST ARKANSAS DEVELOPMENT FINANCE CORPORATION; and Southwest Factoring Corporation, Appellees.

Supreme Court of Arkansas.

Rehearing Denied December 23, 1968.

Attorney(s) appearing for the Case

W. Tillar Adamson, Little Rock, for appellants.

Rose, Meek, House, Barron, Nash & Williamson, and Warren & Bullion, Little Rock, for appellees.

WARD, Justice.

This is an appeal from a chancery decree involving two foreclosures. The material facts summarized below are not in dispute.

John M. Geyer, Jr. and his wife (appellants here), on February 19, 1963, executed their note for $60,000 to First Arkansas Development Finance Corporation (an appellee here, and referred to as Corporation). The note was secured by a first mortgage on certain real estate, and...

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