Redington v. Craig

The bill of complaint herein was filed December 14, 1931, in the circuit court of Knox county, Illinois, to foreclose a mortgage securing a note for the principal sum of $25,000 in favor of the complainant (appellee) against the defendant (appellant), said mortgage bearing date January 3, 1930, payable two years after date, with six per cent interest payable semiannually.

This mortgage contained various covenants. Among others, it contained the following covenant: “Upon the filing of any bill, answer, cross bill or intervening petition to foreclose this mortgage or collect the indebtedness…