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Crowe v. Covington confidence Banking Co. Appeal from Kenton Circuit Court; Common Law and assets Division.

Crowe v. Covington confidence Banking Co. Appeal from Kenton Circuit Court; Common Law and assets Division.

Advice

Rodney G. Bryson, Judge.

Sawyer A. Smith for appellant.

Rouse, Rates Adams for appellee.

VIEW OF COURT BY JUDGE RATLIFF

Your appellant, J.M. Crowe, is the owner of 5/20 (1/4) on the stock in the Barrington Woods Realty Company, a corporation, hereinafter known as realty company. On March 22, 1922, the realty providers borrowed of appellee, The Covington depend on and financial team, hereinafter called the lender, the sum of the $13,000 evidenced by thirteen $1,000 notes payable on or before 3 years after big date, and secured exact same by a primary financial regarding property for the realty company. Ahead of the loan was actually consummated, together with the home loan on property, the stockholders associated with realty providers, like appellant, executed and delivered to the financial institution this amazing writing:

“This Agreement Witnesseth:

“That, while, The Barrington forest Realty team, an agency under the laws of the State of Kentucky, are desirous of obtaining through the Covington discount Bank and count on business, of Covington, Kentucky, that loan in amount of $13,000.00, said financing getting protected by a mortgage about property of said Realty providers in Kenton state, Kentucky, and

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