Holt v. Rees

On the 1st of September, 1857, Rees executed to Swift, ninety bonds, for five hundred dollars each, with interest coupons attached, the interest payable semi-annually, and the principal at different periods, ranging from eight to twelve years. It was provided in said bonds that if default should be made in the payment of principal or interest, fof sixty days from maturity, they should all be considered due at the option of the holder. They were secured by a mortgage on real estate in Chicago, which was also executed' by Bees to Swift. A part of the bonds were paid, and, of the residue,…