Edge v. Bice

This is an appeal by complainant from a final decree, in equity, rendered on a bill filed to redeem land from a mortgage, and the cross bill seeking to foreclose said mortgage.

The note and the mortgage given to secure it were dated August 12, 1949. The note was due and payable “on or before January 15, 1958”. Neither the note ■nor mortgage contained any reference to partial payments and contained no other acceleration clause. Bearing the same date and witnessed by the same notary public, these same parties made a contract of sale and purchase of the same land included in the mortgage. On the…