Bell v. Morton

BRYAN, Commissioner.

— On July 1,1912, Henry Secor and Etta Secor, his wife, executed and delivered to one Foster Crane their promissory note in the sum "of $6,650, payable five years from date and bearing interest at the rate of eight per cent per annum, which note contained, among other provisions, the following:

“Interest payable annually and if not so paid the whole sum of both principal and interest to become immediately due and collectible.”

The note was signed by Secor and wife and eight other parties, including the appellant and respondents herein, and was secured by a second mortgage on…