Kurz v. Holbrook

Baldwin, O. J.

Holbrook, one of tbe respondents, purchased a lot in the city of Dubuque of Joseph and Franz J. Jaeggi, and gave back a mortgage to secure the purchase-money. v

Upon' the first of March, 1857, the interest and $100 of the principal was paid, leaving the balance due, $700. The parties then agreed to extend the time of payment one year, the defendant agreeing to pay 20 per cent interest. The lot was purchased for the Congregational Society of Dubuque, and the trustees thereof gave to Jaeggi their note for $70, the extra interest. The extension expired, and the interest and extra…