Smith v. Timmons

Citations

• 50 Pa. Super. 486

Syllabus

<p>Mortgage — Presumption of payment — Installments.</p> <p>Where a mortgage consisting of a single instrument, covering a single indebtedness, and payable by installments, provides that upon default in the payment of any installment or interest the whole mortgage shall become due and payable, the presumption of payment from twenty years lapse of time will begin to run from the date when the last installment became due, and not from a date thirty days after a default in the payment of an installment and interest.</p>