Pearson v. Arthur

CARROLL, Judge.

This appeal is by the plaintiffs in a mortgage foreclosure action, from a summary judgment entered in favor of the defendants. The complaint sought to foreclose a mortgage on real estate given as security for a promissory note payable in installments. At the closing when the mortgage and note were made and delivered it was provided therein that the unpaid balance could be declared due upon failure to make payment of an installment within fifteen days after the first of a month. Later the *228grace periods in the mortgage and note were changed from fifteen to ten days.

After a number…