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TUCKER v. PULASKI FEDERAL SAVINGS & LOAN ASSOCIATION

No. 5-5841.

481 S.W.2d 725 (1972)

Dan T. TUCKER et al., Appellants, v. PULASKI FEDERAL SAVINGS & LOAN ASSOCIATION, Appellee.

Supreme Court of Arkansas.

June 19, 1972.

Attorney(s) appearing for the Case

Cooper Jacoway, Christopher C. Mercer, Jr., Little Rock, for appellants.

Edward L. Wright, Jr., Little Rock, for appellee.

HARRIS, Chief Justice.

This litigation concerns the validity of a certain clause contained in a mortgage which provides, inter alia, that the maturity of the indebtedness secured may be accelerated "If the mortgagor sells or conveys (or contracts to sell or convey) all or any part of the Mortgaged Premises without the written consent of the holder of said note". Dan Tucker, a white resident of Little Rock, purchased in late December of 1965, property located...

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