Northern Commercial Co. v. The Puffin

KELLY, District Judge.

Pre-trial hearing held in this case revealed that the libelant was seeking foreclosure of a preferred marine mortgage against the Oil Screw Vessel Puffin, the balance of which mortgage amounted to $14,996.13, which included principal and interest to January 21, 1957, plus interest at 8% from that date, plus $800 attorney fees as provided by the mortgage. The mortgage, based on a promissory note dated May 5, 1954, was executed June 10, 1954, and duly recorded with the Customs officials in Ketchikan, Alaska, on July 11, 1954. Simultaneously an affidavit was filed by the…