Lenape B. L. Assn. v. Elizabeth

On February 16th, 1928, the complainants trustees in liquidation of Lenape Building and Loan Association became the holder of a mortgage in the amount of $14,500 covering premises known and designated on the tax maps of the City of Elizabeth as 168 Bellevue Street, for which property tax bills were issued and delivered bearing such street and number ever since that time.

About the year 1931 the Lenape Building and Loan Association in pursuance of the terms and provisions of its bond and mortgage and after default in the payment of taxes entered into possession of the said premises, collected…