Watson v. Home Owners' Loan Corp.

On February 23rd, 1935, Charles G. Watson and Catherine A. Watson, his wife, the appellants, executed a mortgage to Home Owners’ Loan Corporation, to secure a loan in the sum of $3950.90, with interest to accrue thereon at the rate of five per cent per annum, upon property located in the City of Frostburg, in Allegany County, which sum with interest the mortgagors covenanted to pay to the mortgagee, in monthly instalments of $30.97, accounting from the date thereof; the same to be applied, first to interest on the unpaid balance, and the remainder to principal, until said debt was paid in…