Raper v. . Coleman

Tbe appeal raises tbe question whether under tbe clause of defeasance tbe mortgagee’s right to foreclose accrued upon tbe mortgagor’s failure to pay tbe bond of $1,000 maturing on 1 December, 1925. The plaintiff, admitting that tbis is tbe only question presented by bis exception, stresses tbe point that tbe mortgagee cannot sell before tbe date at which tbe last bond is to become due, while tbe defendants say that a sale of tbe mortgaged property is authorized by tbe terms of tbe defeasance upon default in tbe payment of tbe bonds, or tbe interest thereon, or upon default in tbe payment of…