Charnock v. Dieleman

ANSTEAD, Judge.

This is an appeal from a final judgment granting foreclosure of a purchase money mortgage. We affirm.

On March 1,1978, the appellant, C. Thomas Charnock, executed a promissory note in favor of the appellee, John C. Dieleman, in the amount of $35,000.00 plus interest. This note was secured by a purchase money mortgage. The terms of the note provide that the mortgagor “shall have the right to prepay all or part of the principal at any time or times with interest to date of payment without penalty,” and that “[t]he principal... together with interest, shall be payable [in] five…