United States Mortgage Co. v. Sperry

The first two mortgages, dated July 10, 1872, and April, 1873, to secure loans of $175,000 and $70,000 respectively, were executed by Anson Sperry as guardian of Henry W. Kingsbury. The money was borrowed to enable him to rebuild on his ward’s real estate, and to pay off incumbrances thereon. Hernán G. Powers, as> guardian, executed a third mortgage on December 1, 1.87G, to secure a loan of .$95,000. This amount was needed to pay off overdue interest on the preceding mortgages, and an indebtedness incurred by the former guardian in rebuilding. Default having been made in the payment of…