Troughton v. Digmore Holding Co.

The action is to foreclose a mortgage upon certain real property in Bronx county, made by the defendants Digmore Holding Company, Inc., and Ebermayer, to one Grace V. Ten Eyck, to secure the payment of $6,000, with interest at the rate of five and one-half per cent per annum, payable, semi-annually and assigned by the latter to the plaintiff. The mortgage contains the usual provision that the principal sum shall become due after default in the payment of interest and taxes. The interest on the bond and mortgage, which became due and payable on April 1, 1918, remains unpaid and the taxes,…