Black v. Metropolitan Casualty Insurance

This is an action to recover principal and interest alleged to be due under the following written guaranty by the defendant of payment of a $1,000 six per cent first mortgage bond certificate issued by one Joseph F. Faiella, Inc., the mortgagor: “ The Metropolitan Casualty Insurance Company of New York, for value received, hereby guarantees the payment of this bond certificate, and the payment of the attached interest coupons as the same fall due, upon condition that, at its option, it is to be allowed sixty (60) days from date of maturity within which to pay the principal amount, but with…