Fowler v. Johnson

On the first day of February, 1877, the plaintiff, with his wife, executed to George Woodward a mortgage upon real estate, consisting of but one tract of land, to secure two promissory notes, one for $1,000, due February 1, 1881, and the other for $1,500, due February -1, 3 882, and bearing interest at the rate of 12 per cent, per annum, payable annually. It contained the usual power authorizing the mortgagee, in case of default in the principal or interest, “to sell the hereby-granted premises at public auction, and convey the same to the purchaser in fee simple, agreeably to the statute in…