Purdie v. Roche

The plaintiff on January 19, 1922, became the holder of a first mortgage upon certain real estate in Dorchester. The premises subject to the said mortgage were purchased by the defendant Agnes T. Roche on April 1, 1925, who, together with her husband, the other defendant, gave the plaintiff a promissory note for $1,000 secured by a second mortgage upon the premises. Mrs. Roche bought the property for $9,100 and sold it, in November, 1926, subject to both mortgages for $10,500. The owner of the equity continued to pay interest on the second mortgage until the fall of 1937 when, on account of…