Miller v. Burroughs

Headnote

On a bond, conditioned to pay, with interest at six per cent., for the security of which a mortgage has been taken, the plaintiffs, after a forfeiture, am.not entitled to seven per cent., the lawful interest. But interest is to be paid according to the contract, until it ceases to operate, by being merged in the decree.

IN the bond, for which the mortgage in this case was taken as security, the interest was expressed to be at six per

cent per annum. The day of payment having passed, the bond and mortgage became forfeited. The question was, whether the plaintiffs were not entitled to seven per cent, interest, being the lawful interest, from the time of the forfeiture.