Mutual Life Insurance v. Weil

On October 16, 1924, Samuel Weil executed an extension agreement wherein the plaintiff, holder of a certain mortgage, agreed to extend the time for payment to December 1,1927, and Weil agreed to pay the amount due, $15,000, on that date, and also agreed to pay interest. The agreement' contains the usual covenants concerning taxes, water rates and insurance. Before the due date Weil died. The defendants are his executors, the distributees under his will and a corporation formed to handle the real estate left by him. Suit is for the principal sum plus interest according to the *705agreement and…