Breitbart v. Zaucha

This is an appeal by the defendants below from a declaratory decree determining *497the amount remaining unpaid on a mortgage indebtedness.

The mortgage made by appellees December 10, 1947, originally secured an indebtedness of $16,000, evidenced by a note which called for payment of principal and interest by installments of $100 per month on the first of each month until the principal should be fully paid. Each monthly installment was to be applied first on interest and the balance on principal. The note provided for interest at the rate of 5% per annum until maturity, and further provided: “This…