Finger v. McCaughey

Britt, C.

Foreclosure of a mortgage made by George McCaughey on June 6, 1889, to secure his note of same date in plaintiff’s favor for the principal sum of five hundred dollars, payable February 6, 1890, which note contained a clause respecting interest as follows: “With interest from date at the rate of ten per cent per annum, provided this note is paid at maturity, but, if not paid at maturity, then it shall bear interest at the rate of twelve percent per annum from its date until paid, and, if the interest is not paid at the end of one year from date, it shall become a part of the principal…