MID-STATE TRUST II v. JACKSON

No. CA 93-67.

854 S.W.2d 734 (1993)

42 Ark.App. 112

MID-STATE TRUST II, Appellant, v. Thelma JACKSON, Appellee.

Court of Appeals of Arkansas, Division II.

June 9, 1993.


Attorney(s) appearing for the Case

James V. Spencer, III, El Dorado, for appellant.

Neva B. Witt, Ozark, for appellee.


COOPER, Judge.

The appellant in this chancery case petitioned for foreclosure. After a hearing, the chancellor found insufficient cause to accelerate the mortgage debt and denied foreclosure. From that decision, comes this appeal. We affirm.

In 1984, the appellee signed a promissory note in the amount of $42,098.40, payable in 216 monthly installments of $194.94 each, to Jim Walter Homes, Inc. The note provided that the holder could declare the entire debt...

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