Atlas Realty Corporation v. House

The action was brought by complaint in two counts on two joint and several notes given by the defendant and Alfred Mochau, payable to the order of the plaintiff. One note was alleged to be for $4375, the other for $1500, each with interest thereon and on unpaid balances at the rate of six per cent, per annum payable semi-annually, the principal payable in specified instalments, with provision for acceleration on default for thirty days whereby the entire' unpaid amount should become payable forthwith at the option of the holder. Each also contained a notation that it was secured by mortgage…