Ocean Cty. Nat. Bk. v. J. Edwin Ellor Sons

The bill is to foreclose a mortgage given by J. Edwin Ellor Sons, Incorporated, March 24th, 1924, for $17,000, assigned to the complainant to establish a line of credit and as security for past and future debts.

The mortgagor owned a tract of land in the borough of Point Pleasant Beach, extending from the sea westerly to, or near, the New York and Long Branch Railroad Company. The tract between Ocean avenue, the most easterly avenue, running parallel with the sea, and St. Louis avenue, the most westerly avenue on the tract, was laid out in building lots and plotted by lot numbers in blocks…