Beach v. Tangier Hotel Co.

Motion by plaintiff for judgment on the pleadings.

The action is for the foreclosure of a mortgage executed by the defendant Tangier Hotel Co., Inc., to secure the payment of $25,000 to the defendant Warner Moore, or his assigns, on February 20, 1920. The amended complaint alleges that the plaintiff acquired an interest in the said bond and mortgage to the extent of $11,000 of the principal sum thereof through mesne assignments from the defendant-mortgagee, Moore; *42that by said bond and mortgage it was agreed that the whole of the principal sum should become immediately due and payable, at the…