DOMINION SAV. BANK, FSB v. COSTELLO

Record No. 980758.

512 S.E.2d 564 (1999)

257 Va. 413

DOMINION SAVINGS BANK, FSB v. C. John COSTELLO.

Supreme Court of Virginia.

February 26, 1999.


Attorney(s) appearing for the Case

Fred W. Palmore, III, Richmond (Benjamin M. Butler, Winchester; Mays & Valentine, Richmond; McKee & Butler, Winchester, on briefs), for appellant.

C. John Costello, pro se.

Present: All the Justices.


KINSER, Justice.

In this appeal, we consider whether two notes, which document the terms of repayment for two first mortgage real estate loans, provide for payment of interest in advance or on arrears each month. Because we conclude that the unambiguous terms of the notes provide for interest to be charged in advance, we will reverse the judgment of the circuit court finding that interest is to be paid on arrears.

I.

Dominion Savings Bank, FSB, ...

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