Opinion ID: 901213
Heading Depth: 1
Heading Rank: 9

Heading: Interest on Mortgage

Text: [¶ 17.] Based on the correspondence between the parties' attorneys, Adrian's own testimony that he refused to accept payment, and proof that $200,000 was in escrow, an amount more than adequate to pay off Adrian; we conclude that McKinnies tendered payment as of May 10, 2000. In a similar case we held that upon tender of the full payment [tenderer] was entitled to a warranty deed free and clear of any claims or conditions. Fisher, 2002 SD 62 at ¶ 28, 645 N.W.2d 841, 849. When McKinnies tendered payment on May 10, 2000, interest stopped running. Adrian chose to test the validity of McKinnies' right to pay off the balance; that choice, however, did not entitle him to receive interest after he rejected their offer of payment.