Paul v. Boone

Gregory, Justice:

This appeal is from an order granting judgment and foreclosure of a real estate mortgage. We affirm.

Respondent Larry W. Paul was the assignee of a promissory note and mortgage calling for payments by appellants David H. and Theodore E. Boone of $725.00 per month. The note bore interest at the rate of eight percent (8%) per annum.

When appellants fell behind in their payments, the parties negotiated a new promissory note and mortgage calling for monthly payments of $600.00, with an annual interest rate of ten percent (10%).

Appellants fared no better under these terms, again…