Oneida National Bank & Trust Co. v. Kranz

This is an action to foreclose a mortgage. The plaintiff alleges that the mortgage payments are substantially in arrears. The defendants allege that the mortgage payments are and always have been current.

The defendant Merwin F. Kranz and one Albert L. Kranz as mortgagors executed this mortgage to Walter A. Sahl, Sr., mortgagee, on January 21, 1953. The principal amount was $10,000 with interest at 5% per annum and it called for monthly payments of $66 applicable first to interest and then to principal. From the beginning the property was the residence of the defendant Merwin F. Kranz and his…