Natick Five Cents Savings Bank v. Bailey

The plaintiff in this action is the mortgagee and the defendants are the mortgagors under a mortgage in statutory form upon the statutory condition and with the statutory power of sale (see G. L. [Ter. Ed.] c. 183, §§ 18 [Appendix, Form (5)], 19, 20, 21), of certain land in *501Natick. The mortgage, dated October 31, 1932, was to secure the payment of a promissory note of the defendants of the same date, payable in one year from that date, with interest thereon payable semiannually. For breach of condition the plaintiff foreclosed the mortgage under the power of sale and sold the land for $6,000…