Chappell v. Realty Trust Co.
Chappell v. Realty Trust Co.
Opinion of the Court
— In foreclosure proceedings it appears that a note and mortgage were executed for a stated amount designed, .as shown by a declaration of trust concurrently executed, to cover existing debts and future advances. The mortgage was to mature upon failure to pay interest on the indebtedness. A demurrer to the bill of complaint was overruled and the defendants appealed.
While the bill of complaint alleges that interest “due upon the note and mortgage * * * has not been paid,
Decree affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.