Washer v. Tontar

The question presented by these facts is whether Washer, who executed said note and mortgage, was discharged from liability thereon by virtue of the agreement entered into by Tontar, the owner of the note and mortgage, with the owner of the premises, whereby the time of payment of said note was extended without Washer’s consent.

The contention made by plaintiffs in error is that a valid and binding agreement entered into by the holder of a note, secured by mortgage, and a subsequent grantee of the mortgaged property, extending the time of payment without the knowledge of the maker of the note,…