Markofski v. Yanks

Opinion by

Mr. Justice Walling,

On July 30, 1925, the plaintiffs, Stanley Markofski and wife, conveyed a seventy-four acre farm, in Luzerne County, to the defendant, Matthew Yanks, taking in payment a judgment bond and mortgage in the penal sum of $36,000, to secure the payment of $18,000; the inter est thereon payable semiannually on the thirtieth days of January and July of each year. The bond provides, inter alia:

“Upon default in the payment of any premium for insurance, installment of interest or of principal, as above stipulated, or of any tax assessed against the said premises for one…