First State Bank in Caldwell v. Stubbs

48 S.W.2d 446
CourtCourt of Appeals of Texas
DecidedFebruary 4, 1932
DocketNo. 9650
StatusPublished
Cited by8 cases

This text of 48 S.W.2d 446 (First State Bank in Caldwell v. Stubbs) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First State Bank in Caldwell v. Stubbs, 48 S.W.2d 446 (Tex. Ct. App. 1932).

Opinion

LANE, J.

This suit was- instituted by the First State Bank in Caldwell, Tex., in the form of trespass to try title to two certain tracts of land situated in Burleson county, Tex., one containing 275 acres and the other 73 acres, against J. E. ■ Stubbs and his wife, Marella Stubbs, and against W. M. Hilliard and Frank M. Stubbs.

Defendants answered by a plea of not guilty, by a general denial, and by a special plea as follows:

“And for further answer herein, if need be, these defendants say that the defendants, J. E. Stubbs and Marella Stubbs are husband and wife and have been for many years, and that they have been for many • years the owners of and lawfully seized and possessed of the tracts of land and premises described in plaintiff’s petition, situated in Burleson County, Texas, holding and claiming the same in fee simple, and that 200 acres of said land and premises hereinafter described is the homestead of the said defendants, J. B. Stubbs and Marella Stubbs, and that same has been their homestead for many years, and they have been living on, cultivating, using, enjoying, occupying and claiming the same as their homestead and raised their family on same, to-wit:” (Here follows a description of 200 acres of the land claimed as homestead.)

Pleading further they say:

“That the above described 200 acres of land is the homestead of the defendant, J. E. Stubbs and Marella Stubbs and has been for many years and that the same is exempt to the said defendants under the constitution and laws of this State of Texas.
“4th. Defendants further represent to the Court that the defendants, J. E. Stubbs and Marella Stubbs conveyed to the defendant, W. M. Hilliard, by warranty deed an undivided one-third interest in and to the above 200 acres of land, 'premises and improvements in consideration of his services herein; the said W. M. Hilliard being an attorney at law and having agreed and contracted to defend this suit for the defendants, J. E. Stubbs and wife, Marella Stubbs, and the defendant, W. M. Hilliard, says that he is now the owner of an undivided one-third interest in and to said 200 acres of land herein described.
“5th. The defendants further represent to the Court that on or about the 8th day of Nov. A. D. 1929, the defendants J. E. Stubbs and wife, Marella Stubbs, conveyed to the defendant, Frank Stubbs, certain oil, gas and mineral, fully described in said deed and the said defendant is now the owner of the same. Said deed is recorded in deed records of Burleson County in Yol. 70, on page 518, and same is made a part hereof.”.

By supplemental petition plaintiff denies generally the allegations of the defendants’ answer.

Facts.

It was agreed by all parties that the common source of title to the 275-acre tract involved herein was one J. W. Porter, and that the common source of title to the 73-acre tract was M. F. Phegley. It was also agreed that either party might read from the record the written instruments of title as evidence without notice, reserving however the right of any party to except'to all such evidence upon evidential grounds.

Plaintiff offered in evidence the record of a certain deed of trust executed by J. W. Stubbs to H. D. Cherry, trustee, for the use and benefit of the First State Bank of Caldwell, Tex., dated December' 13, 1927, which was filed for record on the same day, entered of record upon the real estate records of Burleson county on the 19th day of De[448]*448cember, 1927. Sucb deed of trust purports to convey to Cherry, trustee, the 275-acre tract and the 73-acre tract. It describes the two tracts by metes and bounds. Other parts of such deed of trust pertinent to the issues involved in this suit are as follows:

“I hereby certify that none of the above lands- are my homestead, but I now own a home in the City of Hearne, Robertson Coun- . ty, Texas, where myself and family now reside, and my homestead is now in Hearne, Robertson County, Texas. * * *
“This conveyance, however, is intended as a Trust for the better securing of the First State Bank of Caldwell, Texas, of the County of Burleson and State aforesaid, in payment of one certain promissory note, of which the following is a substantial copy:
“$4625.80 Caldwell, Texas, Dec. 13,1927.
“Nov. 13th. 1928, after date, for value received, I, we, or either of us, promise to pay to the order of The First' State Bank of Caldwell, Texas, Forty Six Hundred, Twenty Five and 80/100 Dollars, at its office in Caldwell, Texas, with interest at the rate of ten per cent per annum, from maturity until paid, and ten per cent upon the principal and interest then due, as attorneys fees, if placed in the hands of an attorney for collection, or collected through the Probate Court or Court of Bankruptcy; and it is agreed that all signers and endorsers of this note waive demand, protest, notice of protest and nonpayment ; and that this note may be extended from time to time without notice to them.
“J. E. Stubbs,
“Address: Hearne, Texas.
“This is not intended to supplant any deed of ' trust the said Bank herein already has against the lands above described, but, is intended as additional security, and in renewal and extension of said deed of trust.
“Bearing interest at the rate of ten per cent per annum from maturity. * * *
“In case of failure or default in the payment of said promissory note together with interest thereon accrued, according to its terms and face at maturity of the same, then in such event, said H. D. Cherry is by these presents fully authorized and empowered, and it is made his special duty, at the request of the said First State Bank of Caldwell, Texas, at any time made after maturity of said promissory note, to sell the above described property to the highest bidder, for cash, at public outcry, in front of the Court House door of said Burleson County, on the first Tuesday of any month, between the hours of 10 o’clock A. M. and 4 o’clock P. M., first giving notice of the time, place and terms of sale for at least twenty days successively next before the day of sale, by posting up written or printed notices of such sale at three public places in the County of Burleson, State of Texas, one of which shall be at the Court House door of Caldwell, said County, and by giving such other notice as is or may be required by law, and after said sale as aforesaid, to make to the purchaser so sold, with usual conveyance and warrants, and to receive the proceeds of said sale, and the same to apply to the payment of said note, the interest thereon accrued, and the expenses of executing said trust, including 5% per cent commission to said Trustee, holding the remainder thereof subject to the order of me the said J. E. Stubbs.
“It is expressly agreed that the recitals in this conveyance to the purchaser shall be full evidence of the truth of the matters therein stated, and all perequisites to said sale shall be presumed to have been performed, and it is hereby specifically provided that should the said H. D.

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48 S.W.2d 446, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-state-bank-in-caldwell-v-stubbs-texapp-1932.