Court Opinion

ID: 9830567
Source: CourtListenerOpinion
Date Created: 2023-09-01 20:17:28.539381+00
Date Added: 2024-06-11T07:43:24.369546
License: Public Domain

On Rehearing.
Appellants insist that since the notes were made payable to P. E. Shropshire and wife, and the interest accruing upon them was for the support of both, after the death of Mrs. Shropshire one-half only was payable *980to the surviving husband; and that as the evidence showed that she was dead at the date of the institution, of the garnishment proceedings, we should reduce by 50 per cent, the amount for which this court affirmed the judgment of the trial court.
While the deeds do recite that the annual interest accruing on the notes “is to. be our support while we live,” they further stipulate, in effect, that such interest should be paid until the death of both payees, and the notes are not to be surrendered to the makers until after the death of both. There is no stipulation in the deeds that there was to be an abatement of the interest by reason of the death of one of the payees prior to the death of the other. And by the acceptance of the deeds the' grantees became bound by the terms and conditions therein contained. The notes themselves were unconditional in their terms, and but for the conditions quoted expressed in the deeds the garnishees would have been legally liable for the principals of the notes as well as for the annual interest accruing thereon. Furthermore, it does not appear that any credits were ever indorsed upon the backs of the notes for any part of the interest by reason of the death of Mrs. Shropshire; neither did appellants in their pleadings alleges contend that it was the understanding between the parties to the deeds and notes that, in the event of the death of either payee before the death of the other, only one-half of the annual interest accruing on the notes should be collected by such survivor.
Under such a showing in the record we are unable to disturb the trial court’s findings, in effect, that after the death of Mrs. P. E. Shropshire her surviving husband was entitled to collect the full amount of interest stipulated in the notes, as the same feil due. Accordingly, the motion for rehearing is overruled.