Hammond v. Lawrence Investing Co.

In an action to recover payment of the balance of interest on a mortgage, being the difference between that paid at the rate of four and one-half per cent per annum and a claimed existent rate of six per cent per annum, in accordance with a provision in an extension agreement that in the event of default interest shall be payable at the rate of six per cent rather than at the rate of four and one-half per cent, as fixed in the agreement, order denying motion of defendants to dismiss the complaint for insufficiency affirmed, with ten dollars costs and disbursements, with leave to defendants to…