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UNITED MEDICAL CORP. v. HOHENWALD BANK

703 S.W.2d 133 (1986)

UNITED MEDICAL CORPORATION OF TENNESSEE, INC., Appellant, v. HOHENWALD BANK AND TRUST COMPANY, Provident Life and Accident Insurance Company, and Farmers Home Administration, Appellees.

Supreme Court of Tennessee, at Nashville.

January 20, 1986.

Attorney(s) appearing for the Case

Samuel D. Lipshie, Boult, Cummings, Conners & Berry, Nashville, for appellant.

W.C. Keaton, Wm. Landis Turner, David D. Peluso, Hohenwald, for appellees.

OPINION

COOPER, Chief Justice.

The issue in this case is the fee due an attorney for services rendered in the collection of two promissory notes. The deed of trust securing the payment of the two notes provides that, in event of default, the debtor would be liable for:

All costs of collecting, including an amount as attorneys' fees not to exceed ten percent (10%) of the principal and interest to be collected.

Giving due notice to the appropriate...

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