Jones v. Schulmeyer

This was an action by the appellee against the appellants to foreclose a mortgage of July 23 d, 1870, on • certain real estate in the city of Indianapolis, given to secure the payment of seven promissory notes, executed for purchase-money. The mortgage contained a stipulation that on failure to pay any one of the notes when due, or within sixty days thereafter, all of them should be due and collectible; and a failure to pay the first note of two hundred dollars was alleged, in consequence of which it was claimed that the notes were all due.

The defendants answered as follows:

First. They admit…