Burns Mortg. Co. v. Fried

THOMPSON, Circuit Judge.

This is an appeal from a judgment of the District Court for the Eastern District of Pennsylvania. The Burns Mortgage Company, Inc., as holder, brought an action in assumpsit upon six promissory notes against Erwin M. Fried, the maker. The notes were executed and delivered in Florida. Each contained, the following provisions: “With interest thereon (the principal sum) at the rate of 7 per cent per annum from date until fully paid. - Interest payable semi-annually. * * * Deferred interest payments to bear interest from maturity at 10 per cent per annum, payable…