Millard v. Truax

Complainant in this case seeks to redeem from what is claimed to be an irregular statutory foreclosure of a mortgage. The case was submitted in the court below on demurrer to the bill, and redemption was decreed.

The mortgage, as the bill shows, was given July 12,1876, by Clark Cummings to Peter Lowe, upon lands worth three thousand dollars, and was conditioned for the payment of two hundred dollars, with ten per centum interest in one year from date. A year’s interest was paid when the mortgage fell due, but not the principal. December 6, 1877, Lowe assigned the mortgage to defendant, and…