Roos v. Fairy S. M. (Berks Co. Tr. Co.)

Opinion by

Mr. Chief Justice Kephart,

The Berks Knitting Mill Company, Inc., conveyed its Belle-Terre plant to Stanley L. Bellemere late in 1929. Early in January, 1930, Bellemere applied to the Berks County Trust Company for a loan of $30,000.00, secured by a first mortgage on the property. The Berks Com pany made an appraisement of the plant; it was then fully equipped and operating as a hosiery mill. Belle-mere’s mortgage for the sum of $30,000, which was executed on January 15th, described the premises as: “. . . all that certain two-story factory building and lot or lots of ground upon…