T. H. G. K. & T. Corp. v. Lipe

399 S.W.2d 408, 1966 Tex. App. LEXIS 2405
CourtCourt of Appeals of Texas
DecidedJanuary 13, 1966
DocketNo. 6830A
StatusPublished
Cited by2 cases

This text of 399 S.W.2d 408 (T. H. G. K. & T. Corp. v. Lipe) 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
T. H. G. K. & T. Corp. v. Lipe, 399 S.W.2d 408, 1966 Tex. App. LEXIS 2405 (Tex. Ct. App. 1966).

Opinion

PARKER, Justice.

This is an appeal from a judgment refusing to issue a temporary injunction on the application of T. H. G. K. & T. Corporation seeking to enjoin the sale of 20.6 acres of land in Montgomery County, Texas, by James D. McNicholas, trustee in deed of trust. The judgment of the trial court was rendered and entered on the 1st day of November A. D., 1965, to which action and ruling of the court said corporation excepted and gave notice of appeal. Appeal bond was duly filed. The appellant, T. H. G. K. & T. Corporation, failed to file a properly authenticated statement of facts [409]*409within the time allowed for that purpose. Transcript was timely filed.

Under Texas Rules of Civil Procedure Rule 385, this cause may be heard in this court on the bill and answer and such affidavits and evidence as may have been admitted by the jduge of the court below. There is no statement of facts. However, this court has jurisdiction over the appeal though no statement of facts was timely filed. The scope of review is limited so that we cannot consider any error asserted that requires an examination of a statement of facts not before this court. Houston Fire & Casualty Ins. Co. v. Walker, 152 Tex. 503, 260 S.W.2d 600; Dyche v. Simmons, 264 S.W.2d 208 (Tex.Civ.App., err. ref., n. r. e.) ; Lane v. Fair Stores, Inc., 150 Tex. 566, 243 S.W.2d 683.

Although no assignments of error are required of appellant, it has presented a sole point of error:

“Defendants Lipe failed to make demand for payment of the September 1965 installment and failed to give notice of their intention to accelerate the note absent payment. These are prerequisites to acceleration demanded by equity despite any waiver of demand or notice to be found in the note or deed of trust.”

From the pleadings, it appears: On July 28, 1964, Virginia Pitts Lipe and husband, Kenneth L. Lipe, conveyed a 20.6 acre tract of land in Montgomery County, Texas, to T H. G. K. & T. Corporation, retaining a vendor’s lien to secure the payment of an installment vendor’s lien note in the principal amount of $19,550.00 given in part payment for the land. On the same day T. H. G. K. & T. Corporation executed a deed of trust conveying the same property to James D. McNicholas to secure the payment of said note, the Lipes being named as “Beneficiary”. The note, deed and deed of trust having been executed at the same time, will be construed as one contract. San Antonio Real Estate, Bldg. & Loan Ass’n v. Stewart, 94 Tex. 441, 61 S.W. 386. Omitting the description of the 20.6 acres of land, the note is as follows:

“$19,550.00 , Texas,
July 28, A.D. 1964.
For Value Received, I, we, or either of us, the undersigned, promise to pay to VIRGINIA PITTS LIPE and husband, KENNETH L. LIPE, the sum of NINETEEN THOUSAND, FIVE HUNDRED FIFTY AND NO/100 ($19,550.00) DOLLARS with interest from date at the rate of six and one-half (6)4%) per cent per annum, both principal and interest payable at First Security National Bank of Beaumont, Texas.
The principal of this note is payable in equal monthly installments of $170.-32 each, including interest at the rate of six and one-half (6)4%) per cent per annum, the first installment being due and payable on or before the 1st day of September, A.D. 1964, and one installment to become due and payable on or before the 1st day of each succeeding month thereafter until the whole principal sum is paid, together with all interest due thereon, and all past due principal and interest shall bear interest from maturity at the rate of ten per cent per annum.
This note is given in part payment for a certain lot or parcel of land situated in Montgomery County, Texas, described as follows, to-wit:
(here is description of the 20.6 acres of land which is omitted herein)
this day conveyed to the undersigned, by VIRGINIA PITTS LIPE and husband, KENNETH L. LIPE, and to secure the payment of same, according to the tenor hereof, a Vendor’s Lien is retained in said conveyance, and is hereby acknowledged, and as further security for the payment hereof, a Deed of Trust is this day given to JAMES [410]*410D. McNICHOLAS, Trustee, for the benefit of the holder hereof.
This note is this day given by the undersigned as part of the purchase price for said above mentioned property, and it is understood and agreed that failure to pay this note, or any installment as above promised or any interest hereon, when due, shall, at the election of the holder of said note, mature said note, and it shall at once become due and payable, and the Vend- or’s Lien or the Deed of Trust Lien herein mentioned, either or both, shall become subject to foreclosure proceedings, as the holder may elect.
And it is hereby specially agreed that if this note is placed in the hands of an attorney for collection, or if collected by suit or through the Probate Court, the undersigned agree to pay ten per cent additional on the principal and interest then due hereon as attorney’s fees.
T.H.G.K. & T. CORPORATION
By /s/ L. M. Thompson L. M. THOMPSON, President
ATTEST:
/s/ Tony Konsoth
Secretary”

In the deed of trust T. H. G. K. & T. Corporation did covenant and agree: (1) To make prompt payment of the aforementioned indebtedness, both principal and interest, as the same shall become due and payable (referring to the $19,550.00 installment note); (2) to pay as the same shall become due and payable, all taxes and special assessments, now chargeable to or assessed against or hereafter chargeable to or assessed against the above described property. The deed of trust further provides :

“But if the grantors make default in the punctual payment of said indebtedness or any part thereof, principal or interest, as the same shall become due and payable, or if the grantors breach any of the covenants herein contained to be performed by grantors, then and in any of such events the entire indebtedness hereby secured with all interest and all other sums hereby secured may, at the option of the beneficiary, or other holder hereof be immediately matured and become due and payable without demand or notice of any character, and it shall thereupon, or at any time thereafter, be the duty of the trustee, and of his successor or substitute * * Followed up by the usual provisions as to the duty of the trustee.

From the pleadings it appears: (1) the note was payable at a specific place, namely: at the office of the First Security National Bank at Beaumont, Texas. (2) Presentment for payment was dispensed with by the express provisions of Art. 5937, §§ 82 and 70, R.C.S.T. (3) An installment on the $19,-550.00 note was due and payable on September 1, 1965, in the amount of $170.32 which admittedly was not paid when due and payable. (4) On September 15th such installment had not been paid and taxes on the property were delinquent.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Thornton v. City of Kleberg
410 S.W.2d 461 (Court of Appeals of Texas, 1966)
T. H. G. K. & T. Corp. v. Lipe
399 S.W.2d 411 (Court of Appeals of Texas, 1966)

Cite This Page — Counsel Stack

Bluebook (online)
399 S.W.2d 408, 1966 Tex. App. LEXIS 2405, Counsel Stack Legal Research, https://law.counselstack.com/opinion/t-h-g-k-t-corp-v-lipe-texapp-1966.