Union Central Life Insurance v. Shultz

This action was brought by the respondent for the foreclosure of a real estate mortgage upon lands situated in Adams county. The questions calling for determination rest upon these facts: On July 18, 1914, appellant, Fred Shultz, executed and delivered to the respondent his principal promissory note for $300, payable to the order of the respondent, due on July 1, 1925, with interest thereon at the rate of ten per cent per annum from the date of said note, payable annually on the first day of July of each and every year thereafter, said interest payments being evidenced by coupon notes,…