Hendron v. Bolander

On June 8, 1933, plaintiffs in error, who were defendants in the court below and will be so called here, delivered to the defendant in error, to whom we shall refer as plaintiff, their note in the principal sum of $2,280, by the terms of which payment was to be made “in monthly installments of $65.00 each, or more at the option of the signers hereof.” It also contained a provision “that on failure to pay any installment of interest or principal when due, the holder hereof may declare the entire principal due and payable.” To secure the payment of the note the defendants executed a deed of…