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FIRST AM. NAT. BANK, ETC. v. McCLURE CONST. CO.

No. 78-334.

581 S.W.2d 550 (1979)

FIRST AMERICAN NATIONAL BANK OF NASHVILLE, TENNESSEE, Appellant, v. McCLURE CONSTRUCTION CO., et al., Appellees.

Supreme Court of Arkansas, In Banc.

Rehearing Denied June 25, 1979.

Attorney(s) appearing for the Case

Barrett, Wheatley, Smith & Deacon by Stephen M. Reasoner, Jonesboro, Winchester, Marshall, Huggins, Charlton, Leake & Brown, by Stanley M. Huggins, Memphis, Tenn., for appellant.

Rhine, Rhine & Young, Paragould by Robert E. Young, Paragould, for appellees.

HICKMAN, Justice.

This is an appeal from a foreclosure action decided by the Greene County Chancery Court. The only issue is usury. The appellant, First American National Bank of Nashville, Tennessee, sought foreclosure on three promissory notes, and accompanying deeds of trusts on Greene County land, it had acquired by assignment. The appellee, McClure Construction Company, had assumed the obligations of the instruments. Other parties were joined in the trial proceedings...

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