Tulane v. Clifton

The Chancellor.

The object of this suit is the foreclosure of a mortgage made by Marieu Passage to Paul Tulane, in November, 1878, to secure the payment of $3,799.79, with lawful interest, which was then six per cent. By the terms of the mortgage'the interest was to be paid annually, on the 1st day of April, and the principal was to be paid on the 1st of April, 1880.

*352It is admitted that the principal secured by the mortgage, together with interest from April 1st, 1888, is due to the Complainants, and "that the interest from April 1st, 1887, to April 1st, 1888, has been paid to them. The dispute…