Sager v. American Investment Company

The American Investment Company, hereinafter referred to as the company, brought this suit to foreclose a second mortgage given it by William Sager and Ms wife to secure sixteen notes aggregating $1,760. The Sagers borrowed from the company $5,500, to be repaid in ten years, with interest at ten per cent. A principal note for $5,500 was given, due ten years after date, with interest at six per cent, per annum until paid ; this note and the interest thereon being secured by a first mortgage. The other four per cent, of interest is represented by notes calling for the payment of $220 each year…