Syracuse Trust Co. v. First Trust & Deposit Co.

On July 29, 1914, defendant Thomas Hogan executed and delivered to James P. Owen his bond, whereby he bound himself,, his heirs, executors and administrators in the sum of $144,000, upon condition that said bond should be void if he, his heirs, executors or administrators should pay to the said James P. Owen the sum of $72,000 on the 1st day of August, 1929, with interest thereon at five per cent per annum. As collateral security for the payment of said indebtedness, said Hogan, on the same day, executed and delivered to said James P. Owen his mortgage covering the property described in the…