New England Mutual Life Insurance v. Childs

Atkinson, Presiding Justice.

LeKoy W. Childs executed to New England Mutual Life Insurance Company, on November 15, 1929, a deed conveying described realty hereinafter referred to as Peachtree Street property in the City of Atlanta, to secure a promissory note for $4=5,000 principal and certain interest notes. Childs failed to pay an instalment of principal that fell due on December 1, 1932; and failing, also to pay an interest note falling due June 1, 1933, the company in pursuance of an accelerating clause in the contract, immediately declared the entire debt due, *199and instituted suit upon…