Ellis v. Ellis

The security deed contains a clause accelerating the payment of the principal before its maturity, by failure of the vendor to pay any installment of interest. This instrument likewise contains a power of sale, authorizing the holder, in default of payment of any installment of interest, to declare the principal debt due, and to advertise and sell the land embraced therein to enforce payment of the principal and interest of the debt. An installment of interest, by the terms of this deed, became due on July 27, 1923. On April 3, 1923, the debtor paid this installment of interest to the company…