Voigt v. Beller

In this case defendants gave a mortgage in July 1877 payable in two years with semi-annual, interest. It became due July 24, 1879. The parties had various other dealings, and in July 1884 defendants paid complainant in *141full for the remainder of principal and interest on this mortgage, and costs, the sum of $5464.64 which is conceded to be all that was due unless interest can be treated as continuing to accrue at semi-annual periods after the maturity of the debt, and to form at each semi-annual period a new principal drawing interest.

It was held in Hoyle v. Page 41 Mich. 533, that interest…