GIBRALTAR SAV. ASS'N v. WATSON

No. C2729.

624 S.W.2d 650 (1981)

GIBRALTAR SAVINGS ASSOCIATION, Appellant, v. Kenneth Wayne WATSON, et ux., Appellees.

Court of Appeals of Texas, Houston (14th Dist.).

October 8, 1981.


Attorney(s) appearing for the Case

John W. Berkel; Simms & Harpole, Houston, for appellant.

Larry J. Doherty, Ross A. Sears; Sears & Doherty, Houston, for appellees.

Before JUNELL, MILLER and MORSE, JJ.


JUNELL, Justice.

Appellant Gibraltar Savings Association, plaintiff in the trial court, appeals from a take-nothing judgment rendered against it on appellees' motion for judgment at the conclusion of appellant's case. We reverse and remand.

In 1969 appellant made a loan to appellees Kenneth and June Watson evidenced by a promissory note in the principal sum of $21,550. The loan was secured by the townhouse appellees purchased with the loan proceeds. Periodic...

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