Pennsylvania Co. v. Verlenden

Opinion by

Keller, P. J.,

Plaintiff was the holder of a mortgage on certain real estate in Philadelphia. The mortgage was given by one Farrell on January 26, 1921 for $13,000, but the principal had been reduced by payments to $7,000.

Defendant was the registered owner of the premises covered by said mortgage from October 3, 1922 to the date of the sheriff’s sale hereinafter mentioned.

Because of defaults in the payment of principal and in the production of tax receipts, plaintiff entered into possession of the mortgaged premises on January 10, 1934, and later foreclosed the mortgage. Damages were…