Anderson v. Sperry

This is an action for recovery on a promissory note and to foreclose the mortgage securing same. The cause was tried to the court, resulting in findings and judgment in favor of the plaintiff. Defendants Sperry, indorsers on the note, alone have appealed.

Leo H. Travenshek and wife, on October 15, 1927, executed a promissory note, secured by a real property mortgage, for nine hundred and fifty dollars, payable to appellants Sperry in monthly installments. Under the terms of the note, the holder had the option of de- daring the whole sum due in the event of default in the payment of any…