Hartford Realization Co. v. Travelers Insurance

On October 10th, 1924, Pasquale M. D’Esopo mortgaged to the defendant, to secure a note for $600,000, a large business block in the central portion of the city of Hartford. The note provided that interest should be paid semi-annually, that $10,000 should be paid annually upon the principal beginning October 10th, 1925, and that the mortgagor should pay all taxes upon the premises and keep the buildings insured. Neither note nor mortgage contained any provision that, upon default in the payment of any interest or instalment the due date of the note should be accelerated, but the mortgage did…