Scheible v. Leinen

Plaintiff moves for summary judgment in this mortgage foreclosure action. In Ms affidavit in support of the motion, he states that the purchase-money mortgage *458sought to be foreclosed was executed on the 30th day of June, 1970 to secure the sum of $72,000 with interest at 6%. The mortgage contains an acceleration clause which provides 1 ‘ that the whole of the principal sum shall become due at the option of the mortgagees; after default in the payment of principal or of interest for thirty days The plaintiff received the first nine monthly installments of principal and interest due August 1,…