189 A. 638 | N.J. | 1937
The facts are stated in the opinion of Vice-Chancellor Kays, reported in
We concur in the view expressed by him that where there is default in taxes which under the terms of a mortgage *345 would accelerate the payment of the principal, such default may be neutralized if the taxes are paid before bill filed. We find, however, some language in the opinion which might support an inference that default in payment of interest might be neutralized in a similar manner. It is unlikely that the learned vice-chancellor intended to be so understood, particularly as that question was not before him; but we deem it prudent to note that our affirmance of the decree is predicated on the tax default, which was the only default existing in the case.
In Sire v. Wightman,
The decree under review will be affirmed.
For affirmance — THE CHIEF-JUSTICE, TRENCHARD, CASE, BODINE, HEHER, PERSKIE, HETFIELD, DEAR, WELLS, WOLFSKEIL, RAFFERTY, COLE, JJ. 12.
For modification — PARKER, J. 1. *346