In re Clark

William E. Brenhan, Jr., J.

On or about March 22, 1955, the petitioners in this proceeding delivered to John Cairns their *146bond and mortgage in the sum of $5,000. The indebtedness was to be liquidated by payments of monthly installments of $60 (or more) commencing April 1, 1955, to be applied to the payment of interest and then to the reduction of principal. The mortgage contained a provision: ‘ ‘ that in the event of the death of the mortgagee prior to the payment in full of the unpaid principal balance, this mortgage shall become null and void, and of no force or effect, and the Clerk of the…