Liebers v. Plainfield, C., Building Co.

The bill is to foreclose seven mortgages for $7,000 each. conveying seven adjoining houses and lots, given by Plainfield Spanish Homes Building Company, Incorporated, to Manhattan-Jersey Mortgage Corporation, April 19th, 1929, and assigned to the complainant. The answering defendants are David M. Barad and his three associates. The building company purchased a tract of land from them and gave in return a purchase-money mortgage upon which there is now due $30,000. The tract was divided into fourteen lots, and dwelling houses were erected upon thirteen of them. The purchase-money mortgage…