Case ID: okla_57/html/0636-01.html
Source: Caselaw Access Project
Author: {"author": "RUMMONS. C.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

MIDLAND SAVINGS & LOAN CO. v. McCURRY et al.
    
    No. 6400.
    Opinion Filed April 18, 1916.
    Rehearing Denied May 9, 1916.
    (157 Pac. 290.)
    LIABILITY ON BOND. Syllabus same as in No. 6699. Midland Savings & Loan Co. v. Deaton, ante, p. 622, 157 Pac. 285.
    (Syllabus by Rummons, C.)
    
      Error from District Court, Pontotoc County; Tom D. McKeown, Judge.
    
    Action by the Midland Savings & Loan Company against Nathaniel A. McCurry and others. Judgment for plaintiff for an amount less than prayed for, and he brings •error.
    Modified and affirmed.
    
      C. F. Green and A. J. Bryant, for plaintiff in error.
   Opinion by

RUMMONS. C.

This action was commenced by the plaintiff in error, hereinafter called the plaintiff, against the defendants in error, hereinafter called the defendants, to recover a balance upon a bond executed by defendant Nathaniel A. McCurry to the plaintiff for the sum of $700, and to foreclose a mortgage upon real- estate in Pontotoc county given to secure payment of said bond. The cause was tried to the court, who, after making findings of fact and conclusions of law, rendered judgment in favor of plaintiff in the sum of $128.88 and $70 attorney’s fees, and for foreclosure of its mortgage. The plaintiff brings this proceeding in error.

The same questions of law are involved in this case as in the case of Midland Savings & Loan Co. v. Deaton, ante, p. 622, 157 Pac. 285, this day decided by this court, and as the facts and the assignments of error, except as to parties and the amounts claimed to be due and to have been paid, are the same as in that case, this case will be governed by the opinion in that .case.

In this.case the defendants agreed to pay $10 monthly as stock dues, $5.83 monthly as installments of interest, and $1.17 monthly as premium. There is no complaint made by plaintiff of the correctness of the finding of the court that the defendants have paid plaintiff the sum of $571.12 upon stock, interest, premium, and fines. We think the court fell into the same error in this case that he did in the Deaton Case in not allowing plaintiff any interest upon the money lent. The court deducted the payments made by defendants from the principal sum of the loan, and rendered judgment for the balance remain-. ing unpaid of the principal sum without interest. We think the judgment of the court should be affirmed, with • directions to modify the judgment heretofore entered so as to give plaintiff judgment for the sum of $700, with interest thereon from the date of the last interest payment made by defendants at the rate of $5.83 per month until the date of judgment, less the sum paid by defendants as dues upon stock, as premium, and as fines, with interest computed- at the same proportionate rate as the principal sum bears upon said sums from the date they were severally paid, and that plaintiff be allowed an attorney’s fee of $70.

• By the Court: It is so ordered.