Cedar Rapids National Bank v. Snoozy

This is an action to recover on two promissory notes for $342.50 each, dated September 30, 1923, and due December 1, 1923, and December 1, 1924, respectively. The notes are known as exhibit A and exhibit B and are numbered 283 and 284. Exhibit A says: “This note is the first of a series of notes given for a sum of money, and upon failure to meet the payment of this note in full upon the date of its maturity all remaining unpaid notes of this series, bearing date herewith, shall become due and payable at once.” Exhibit B contains a similar provision except it says: “This note is the second of…