Fitch v. Remer

McLEAN, Circuit Justice.

This bill was filed to foreclose a mortgage. When the mortgage was executed, Fitch resided in New York, the defendants in the state of Michigan. On the first of January, 1850, the complainant loaned to the defendants two thousand dollars, to secure which the defendants ■ executed a bond and mortgage on land in Michigan. The sum loaned was to be paid in January, 1856, to the complainant, at his residence in the state of New York, with interest at ten per cent, per annum, payable semi-annually.

In New York the legal interest is seven per cent per annum, and any per eent.…