American Commercial & Savings Bank v. Kramer

The material facts are not in dispute. It appears from- the record that the mortgage foreclosed was executed by one Worley, then owner of the mortgaged property. In the year 1921, W. H. Goodman purchased the property from Worley, and assumed the mortgage as a part of the purchase price. The mortgage debt was to mature March 1, 1925. On January 13, 1925, Goodmañ sought an agreement for an extension of the due date of the mortgage. The local agent of the plaintiff .was one McCall. Goodman applied to him for the extension. As a condition of such extension, McCall first required that .$2,000…