State v. Monastero

OPINION OF THE COURT

Herlihy, J.

It is undisputed that the defendant has been in default on payment of a student loan for several years and the sole issue raised on this appeal is whether or not the amount due automatically accelerated to the total of the loan upon a default by the defendant in making the first required annual payment.

The pertinent language of the note is as follows: "(6) In the event default shall be made in the payment of any annual installment of principal or interest as the same becomes due as herein provided, then and in that case the whole of the *793principal sum then…