Peter Fuller Enterprises, Inc. v. Manchester Savings Bank

The principal of each note is payable by its terms in specified monthly payments beginning April 28, 1958, and ending April 28, 1963, whereupon the entire balance is to become due and payable. Each note contains the provision that “sixty (60) days default in payment of any interest or principal payment to make the entire unpaid balance due and payable.” The real estate and chattel mortgages securing the performance of these notes contained as a condition the payment of the notes according to their terms.

On February 13, 1959, plaintiffs tendered to the respective payees the interest due to…