Kansas Educational Ass'n of Methodist Episcopal Church v. McMahan

McDERMOTT, Circuit Judge.

Suit to foreclose a mortgage on real estate given to secure two negotiable notes dated January 12, 1921, one for $500 due February 1, 1923, one for $5,000 due February 1, 1928. Both notes contain clauses granting the maker the privilege to pay $100 or multiple thereof, or the whole amount, on any interest-paying date after February 1, 1922, by giving sixty days’ notice. Both notes and mortgage ran to the Pittsburg Mortgage Investment Company (hereafter called the Investment Company), which company assigned them to plaintiff below— appellant here — on February 5, 1921,…