Watts v. Watts

Scott, J.,

delivered the opinion of the Court.'

This is á bill in chancery to foreclose a mortgage. The facts are substantially these:

Watts, the plaintiff in error, executed a bond to the testator of the defendant in error, for money loaned. The bond bore six per cent, interest. A mortgage was also given to secure the payment of the bond, which contained a proviso, that if the principal and interest were not punctually paid at the time appointed, then the mortgagor should pay four per cent, additional interest. The defendant in error assigned the bond? and it, with all the interest thereon, was…