Crawford v. Houser

On May 7, 1924, plaintiffs filed an action to foreclose a real estate mortgage given to secure a promissory note for $7,000, dated March 1, 1919, and due March 1, 1929, bearing interest at 5 per cent, from date until due, payable semiannually. The note contained this clause: “If this note is not paid at maturity, principal and interest shall draw interest at the rate of ten per cent, per annum from matu*63rity until paid.” As disclosed by an alleged copy of the mortgage attached to the petition and made a part thereof, it contains a clause providing for the acceleration of the maturity of the…