Hepburn v. Schwartz Et Ux.

Opinion by

Hirt, J.,

Plaintiff was the owner of a bond with an accompanying mortgage given by defendant Isaac Schwartz to secure the payment of $5,000. When the debt became due, the time for payment of the principal was extended to August 29, 1929. At the expiration of that term plaintiff and defendants entered into a second agreement in writing extending the time of payment to August 29, 1932. By this agreement the defendants covenanted to make prompt payment of the interest and principal of the bond, so secured, together with taxes assessed against the mortgaged property and to maintain fire…