Jensen v. Siegfried

The plaintiff alleges the breach of a certain contract, known as Exhibit B., and executed October 1, 1924.

This paragraph is the crux of the controversy: “For valuable consideration to and from both parties, said Harry E. Siegfried agrees to take over'three mortgages now existing against the hereinafter described real property and agrees to convert the same into one mortgage, the principal sum of which shall be the amount due on the said three mortgages at the date of this agreement, with interest at seven per cent (7%) per annum until fully paid, said mortgage to run for a term of ten (10)…