Island Pond National Bank v. Lacroix

The plaintiff is the assignee of a mortgage executed by the defendant Alfred Lacroix on July 7, 1915, to one Osear N. Nadeau to secure the payment of his promissory note of that date for nine hundred dollars, payable to said Nadeau or order, in yearly payments of fifty dollars or more, with interest annually.

This is a proceeding to foreclose the mortgage. The bill was taken as confessed as to defendants Lacroix and Solon Gray, administrator. Defendant Frank Gray answered to the bill. The substance of his answer is that he has a title which is superior in equity to that of the plaintiff. There…