Haase v. Moser

The facts are stated in the opinion of Vice-Chancellor Kays, reported in 120 N. J. Eq. 437.

We concur in the view expressed by him that where there is default in taxes which under the terms of a mortgage would accelerate the payment of the principal, such default may be neutralized if the taxes are paid before bill filed. We find, however, some language in the opinion which might support an inference that default in payment of interest might be neutralized in a similar manner. It is unlikely that the learned vice-chancellor intended to be so understood, particularly as that question was not…