Rockford Trust Company v. Purtell

The facts out of which this litigation arose, while somewhat complicated, are practically undisputed, and are to the following effect.

The Rockford Trust Company, as administrator of the estate of Mrs. Martha Smith, brought suit to foreclose a mortgage executed on March 13, 1924, by O. P. Purtell and wife to the Guthrie Mortgage Company. The mortgage was given to secure a loan of $1,'200, evidenced by a principal note for that amount, due December 1, 1933, with 10 per cent, interest coupons attached thereto. The mortgage was upon the usual conditions, and contained an accelerating clause,…