Kelley v. New York Life Insurance

Opinion op the Court by

Chief Justice Sampson

Affirming.-

•’A citizen of Warren county obtained a loan of $3,000.00 from the New York Life Insurance Company, and secured it by mortgage on real estate- in that county. It was to run for thirty-five (35) years, payable in yearly installments with interest, being what is commonly known and called the amortisation plan, a number of notes being given, each combining interest with a part of the principal. When the mortgage was presented by the insurance company to the clerk -of the Warren county court for record, the clerk estimated the amount of…