Shapiro v. Kartsonis

From a decree of foreclosure of a trust deed securing a principal note and interest notes, defendant trust company, as trustee, appeals.

November 5,1926, Harry Kartsonis, Tom Kartsonis, James B. Vitus and Gust Vitus executed their note for $5,400 and a trust deed of the same date to secure the payment. The original note contained a provision that in the event of default in payment of any of the instalments of interest, and such default shall continue for 30 days, at the election of the “legal holder or holders thereof” the principal sum, together with accrued interest, shall at once become due…