First Friday Building & Loan Ass'n Case

Opinion by

Me. Justice Linn,

At the audit of the account of appellant, who, since December 5, 1935, was in charge of First Friday Building and Loan Association, The New York Life Insurance Company presented a claim on a bond and mortgage given by Anna Atkinson in 1925 maturing in three years. The building association held a second mortgage on the same premises “but at no time had any other interest therein.” March 6, 1931, claimant and the building association made an agreement * extending the maturity date of the bond and mortgage to February 5, 1934, etc. After default, foreclosure followed…