Thomas v. Ledger

North, J..

Plaintiffs, being the owners of a 180-acre farm located in Kent county, gave a mortgage to defendant, Kazimierz Haraburda. This mortgage was foreclosed and the period of redemption expired. Substantially a month after the expiration of the period of redemption the mortgagors and the mortgagee entered into a stipulation or an agreement whereby the period of redemption was extended from month to month “not to exceed the period of one year” from the date of the agreement,such extension being upon the condition that the mortgagors should pay to the mortgagee $15 per month during each of…