Caffaro v. Romani

This is an appeal by the defendant Albert Romani from a deficiency judgment against him in a suit to foreclose a mortgage upon certain real property in Alameda County. Romani borrowed money from the plaintiffs and as security executed his promissory note, dated April 16, 1913, and due in two years from date for $1,650, payable to plaintiffs. This note contained the following clause: “If this note is not paid at maturity it is.hereby renewed from year to year at the option of the holders until paid, and during such year the maker shall not have the right to pay the same.”

This note was secured…