Quigley v. Breyer Corp.

Opinion by

Mr. Justice Patterson,

This appeal is from a decree directing that a mortgage be satisfied of record prior to its expiration date upon payment of the balance of the principal sum, plus interest and satisfaction costs.

Appellees, Charles A. Quigley and David A. Kanner, are the owners of premises subject to a mortgage executed in favor of one Joseph Toll and Bessie Toll, his wife, on November 8, 1945, in the principal sum of $15,000, providing for annual payments of $1500 on account of principal and interest, payable monthly, at the rate of six per cent per annum. On May 6, 1946, the…