Alfred E. Shorr v. William C. Skafte and Helen Skafte

The appellees were plaintiffs and the appellant was defendant in the chancery court. In this opinion we will refer to the parties as they were there designated. The suit was one to foreclose a mortgage and in the complaint it was alleged that the instrument was given 25 October 1951 to secure a promissory note evidencing an indebtedness of $6000. The note was payable six months after 1 November 1951 "with interest * * * at the rate of NONE per cent. per annum from ... until fully paid. Interest payable semiannually."