Kreitz v. Savings Deposit Bank & Trust Co.

This action was instituted by the defendant in error, the Savings Deposit Bank & Trust Company, of Elyria, Ohio, against Phillip C. Kreitz, the plaintiff in error, for personal judgment on a certain promissory note and for the foreclosure of a real estate mortgage given to secure the payment of the note. The note in question was given by Kreitz, in the sum of $22,000, and was made payable to the order of Louis M. and Marguerite Greif. It was dated on the 15th day of November, 1918, and was made payable at the rate of $4,000 per year, beginning November 15, 1920, with interest at the rate of 5…