Riley v. Maryanski

The facts in this case are as follows:

On April 29th, 1927, complainants, Charles Riley and Charlotte Riley, his wife, purchased from Alexander Maryanski, one of the defendants, premises known as 408 Berkeley avenue, Bloomfield, New Jersey.

The premises were sold subject to a first mortgage of $8,000 held by the Bloomfield Savings Institution. Maryanski took back a purchase-money mortgage of $4,000 dated April 29th, 1927; installments of $50 a month and interest were to be paid on this mortgage, but such installments did not commence until May 1st, 1928.

On January 20th, 1928, Maryanski assigned…