Chinn v. Penn

The defendant, Crenshaw,. appeals from the judgment foreclosing a mortgage executed hy the defendant, Plarry Penn, to Crenshaw, and by Crenshaw indorsed to the plaintiff.

The note secured hy the mortgage contained no obligation except the promise to pay the principal thereof, three thousand five hundred dollars, with interest at seven per cent, payable quarterly, to be compounded if not paid when due, and providing that the whole sum of principal and interest should become due at the option of the holder upon failure to pay any installment of the interest when due. The mortgage declared that…