Default in installment payments

If any property owner defaults in the payment of any installment and interest on the installments, all of the installments, with interest, and an additional sum equal to one-half (½) the annual interest, shall become immediately due and payable. Acts 1913 (1st Ex. Sess.), ch. 18, § 7; Shan., § 1991a33; Code 1932, § 3440; T.C.A. (orig. ed.), § 6-1137. If any property owner defaults in the payment of any installment and interest on the installments, all of the installments, with interest, and an additional sum equal to one-half (½) the annual interest, shall become immediately due and payable. Acts 1913 (1st Ex. Sess.), ch. 18, § 7; Shan., § 1991a33; Code 1932, § 3440; T.C.A. (orig. ed.), § 6-1137.