Monarch Loan Co. v. Shellen-Berger

Plaintiff, the Monarch Loan Company, instituted suit seeking to recover on a promissory note and for the foreclosure of a real estate mortgage given as security for said indebtedness.

The parties will be referred to as they appear in the trial court. The record discloses that Clara Maude Shellenberger and husband, W. R. Shellenberger, executed a note and mortgage to the Monarch Loan, Company, dated August 15, 1921, in the principal sum of $9,000 due on January 1, 1927.

All interest payments were paid up until the final payment due January, 1927. Upon default of the final interest payment and…