Stagemann v. Emery

In this case a bill to foreclose a mortgage based the right to maintain the suit upon the invoking of an acceleration clause contained in the mortgage. The bill alleges:

"Your orator shows unto this Honorable Court that when a part of the principal in the amount of $750.00 fell due on April 1, 1928, the same was not paid, nor any part thereof; that subsequent to said April 1, 1928, and on to-wit April 1, 1929, and April 1, 1930, payments of principal amounting to $750.00 each, became due, and the same were not paid, and have not since been paid, nor any part thereof, although said payments are…