Loomis v. Donovan

Suit to foreclose a mortgage, which was the sole written evidence of the debt, no note or bond having accompanied the mortgage. Tire suit is against TFT A. Parry and C. O. Loomis. The mortgage was given bv *199Parry to Donovan. After it became due, Donovan agreed by parol with Parry and Loomhs, all three being together, that if Parry would sell, and Loomis would purchase Parry’s equity of redemption in the mortgaged premises, assume Parry’s mortgage debt, and pay $50 down upon it, he would extend the' time of payment of the balance, and the foreclosure, until Juhj 1, 1861. The agreement was…