Delaney's, Inc. v. Pritchard

ADAMS, Justice.

Defendant-appellant, Delaney’s, Inc., appeals from the judgment and order of the Circuit Court of Mobile County granting a petition to enjoin foreclosure of a mortgage on the home of plaintiff-appellee, Betty Pritchard.

The plaintiff and her late husband, James R. Pritchard, executed a promissory note and mortgage to defendant on March 1, 1968. The note was for a principal indebtedness of $10,000.00 and was secured by a duly recorded mortgage upon Pritch-ard’s home. The note was to be paid in five annual installments of $2,000.00 each, with the first payment due on March 1, 1969.