Ulvilden v. Sorken

Plaintiff brought this action to secure judgment upon a note for $2,000 and interest and for the foreclosure of a real estate mortgage given as security. The note provided on its face for the payment of 6 per cent interest per annum from, date, and further provided in a printed provision that, if any part of the principal should not be paid at maturity, it would bear interest at 12 per cent per annum. Defendants Gilseth and Borgen indorsed the note for the accommodation of defendant Sorken and as security to plaintiff. Execution and indorsement of the note was admitted by the defendants, hut…