Nathan Miller & Sons, Ltd. v. Blinn

These are appeals from decrees enjoining the foreclosure of a mortgage at the suit of subsequent attaching creditors. The mortgagor was a manufacturing corporation; the mortgagees were eight persons who were in fact directors of the mortgagor corporation. The condition of the mortgage was, in substance, to hold and save harmless the “grantees and each of them,” in respect of indorsements thereafter made by them on promissory notes of the mortgagor. A copy of the condition is given below in a note.*

Later, the eight mortgagees indorsed two notes, given by the mortgagor to the Massasoit-Pocasset…