Steadman v. Froster

The opinion of the court was delivered by

Parker, J.

This is a. suit for foreclosure of a mortgage, and the question for decision is whether two payments of $500 each, made by de- *642. fondants to Charles A. Feick, now deceased, should he credited on the principal of the mortgage. The vice-chancellor ruled that the complainants were not required to give credit for them, and the defendants appeal.

The mortgage was made originally to Feick, who, about three months later, and before any interest was due thereon, assigned it to Mary E. Steadman, complainants’ testatrix, the assignment being promptly…