Portland Mortgage Co. v. Horenstein

This is a suit for the foreclosure of a real estate mortgage given on July 27, 1928, by H. M. Horenstein and wife to plaintiff’s assignor, the Equitable Savings and Loan Association. By its terms, it became due and payable on July 20, 1933. The mortgage was given to secure a loan of $45,000 and was to bear interest at the rate of 6 per cent per annum payable quarterly. Among other things, the mortgage stipulated that the mortgagors should pay all taxes, assessments and other charges levied against the land, keep the building thereon in good repair and insured against loss by fire in an amount…