Fontana v. Walker

This is an appeal from an order of the lower court denying the appellants’ exception to the trustees’ report of sale following foreclosure of appellants’ property.

The deed of trust securing a $15,000 20-year note was executed on February 19, 1957, between the appellants and trustees for the Second National Bank of Washington, D. C. which later became the First National Bank. Monthly payments of $150 were later reduced to $115 on October 19, 1961 by a formal extension agreement. Included in the deed of trust were the usual acceleration and power of sale clauses.

The record reveals a history of…