Corson

Corson v. McDonald

Good Law
1906 Cal. App. LEXIS 321·3 Cal. App. 412·85 P. 861
Court of Appeal of CaliforniaApril 9, 1906Civ. No. 234.California617 words

Opinion

Lead Opinion

Smith, J.

Appeal from a judgment foreclosing a mortgage, and from an order denying the defendant’s motion for a new trial.

The mortgage was given to secure a promissory note of date November 26, 1897, for the sum of $3,500, payable with interest on or before one year from date, and for an additional sum of ten per cent on principal as attorney’s fee, in case suit should be commenced to enforce payment. There is contained in the mortgage the following provision:

“And it is further understood and agreed by and between the parties hereto, that the mortgagor herein has the privilege of renewing or extending this mortgage for one additional year from the expiration of the term hereof.”

The complaint alleges, in effect, that the defendant exercised her option of extending the mortgage for an additional year, and the court so finds; and finds further that the option was exercised and the plaintiff’s assignor notified thereof prior to November 26, 1898. The court also finds adversely upon the plea of the statute made by the defendant. Judgment was accordingly entered for the amount due on the note and mortgage, and also for the sum of $350 as attorney’s fee.

The complaint was filed November 10,…

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