Kling v. Gladstone

This is an appeal from a final decree in foreclosure of a real property mortgage given to secure payment of the principal sum of $21,300 and interest on unpaid balances thereof from October 22, 1958, at the rate of five per cent per annum, according to an instrument in writing described in the mortgage as a promissory note, ’ whereby said principal and interest is made payable as follows:

“(a) The first interest payment shall be due and payable on February 16, 1960 and thereafter the interest shall be due and payable on each February 15th until this entire indebtedness with interest thereon…