Supreme Court of Arkansas October 28, 1929 (Alexander v. American Building & Loan Ass'n)

McHaney, J.

Appellee foreclosed a mortgage on certain real property in Mulberry, given it by Gr. L. Wisdom and wife as security for a note for $1,050, and interest. The Bank of Mulberry was made a defendant, it holding a second mortgage. Appellant is an officer of the bank. Neither the Wisdoms nor the bank filed an answer or made any defense to the action, and a default decree was taken.