Liberty Trust Co. v. Young

Henninger, J.,

Charles M. Bolich, on February 18,1926, borrowed $15,000 from plaintiff and gave his unrestricted bond and mortgage on No. 418 Ridge Avenue, Allentown, Pa., to secure the loan. Defendant, on August 18, 1927, bought the mortgaged premises from Bolich’s grantee and at the request of plaintiff’s president, on August 23, 1927, after maturity of the bond and mortgage, gave plaintiff his bond for $15,000, payable 1 day after date. On January 26, 1931, plaintiff entered the Young bond in the prothonotary’s office and obtained judgment in the penal sum of $30,000 to the above term and…