[Download] "Billingsley v. Lawson" by Supreme Court of Minnesota ~ Book PDF Kindle ePub Free

February 12, 2021

eBook details

Title: Billingsley v. Lawson
Author : Supreme Court of Minnesota
Release Date : January 18, 1979
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 63 KB

Description

Henry E. Billingsley and Ann Billingsley, his wife, appellants, applied to Jefferson Federal Savings and Loan Association of Washington, D. C. (hereinafter Jefferson) to obtain refinancing of an existing loan on their residence in Bethesda, Maryland for the purpose of paying certain business expenses and an existing second trust on their property. On October 25, 1974, the appellants executed a promissory note in the amount of $125,000.00 secured by a deed of trust on the residence to Suburban Trust Company, Trustee. By the terms of the note, the appellants agreed to pay the principal sum plus interest at the rate of ten per cent per annum, the sums payable in monthly installments. The note provided that at the option of Jefferson in the event of a default the entire debt, plus interest, advances and charges would become due and payable.