Bardshar v. Chaffee

Action upon a promissory note and to foreclose a mortgage securing it. The plaintiff alleges, in substance, that the note was payable four years after date, bore interest from date to maturity at eight per cent per annum, payable annually in advance, and provided that, in case of default in payment of any interest, the principal, at the option of the holder, should become due and payable without notice, and that it was sold, indorsed in blank and delivered by the payee to the plaintiff when the first two annual installments of interest were due and unpaid. There is no allegation of any…