Seattle Trust Co. v. Morgan

Defendants Byron M. Morgan and Mabel B. Morgan, under date April 23, 1928, signed an application directed to Washington General Mortgage Company, appointing the addressee their agent for the purpose of securing a loan of $4,746, to be secured by a mortgage upon a tract of land in the city of Bellingham. Among many other provisions, the application for the loan contains the following:

“I do hereby agree to pay to the depository to be named in the deed of trust, interest at the ra-te of 6% per annum payable semi-annually and in addition thereto agree to make the following principal curtailments.…