Monroe County Savings Bank v. Baker

This action is brought to foreclose a mortgage upon real property.

The plaintiff’s affidavit, together with the answer admitting most of the allegations of the complaint, sufficiently show a cause of action on the part of the plaintiff.

The defendants Appelbaum have set up two defenses:

First, that after maturity of the bond and mortgage the plaintiff increased the rate of interest from five per cent to five and one-half per cent, and in consideration of such increase of interest extended the time of payment of the mortgage.

The defendants Appelbaum were not discharged from liability unless such…