Kings County Trust Co. v. Derx

On April 28,. 1904, Augusta Comer, now deceased, made and executed to the plaintiff her bond for $12,000 secured by a mortgage on lands in Brooklyn. The amount secured was payable one year from date and the rate of interest was five per cent, payable semi-annually. There were in the mortgage the usual clauses concerning the payment of principal, interest, taxes and insurance, and a power of sale.

It is alleged in the complaint, in this action for foreclosure, that *549no part of the principal has been paid and there has not been payment of interest due October 28, 1931; and that by an agreement…