Strong v. Stoneham Co-operative Bank

This suit in equity by a husband (plaintiff) and wife, mortgagors of three pieces of improved real estate, against the mortgagee bank seeks an adjudication that the mortgages are not in default, and that the bank has no right to increase the interest rate as a condition of bringing payments up to date, or for seeking future payments, and asks injunctive relief. The case was referred to a master, whose report was confirmed.

On July 22, 1965, the plaintiffs obtained a loan from the defendant bank in the amount of $17,500 secured by a mortgage of real estate at 6 Call Street, Billerica, and…