Burke v. Guilford Mortgage Co.

On May 23, 1929, G. W. Luttrell and wife, A. L. Luttrell, executed and delivered to Federal Mortgage Company two promissory notes, one for the sum of $5,000 and the other, an interest note, for $982.50, each payable in monthly installments in various amounts, beginning on the first day of July next after the date thereof and running over a period of 144 months, and providing for interest as therein computed, and, in case of default, 10% attorney's fees. The notes further provide for acceleration of maturity, of unpaid principal, interest and attorney's fee, in case of failure to pay any…