Fair & Square Building & Loan Ass'n v. Trustees Presbyterian Board of Publication & Sabbath School Work

Opinion by

Keller, J.,

This is a contest between the assignees of a first mortgage and the second mortgagee, which became the owner of the real estate by purchase at sheriff’s sale on foreclosure of its mortgage, as to the amount of the *411principal dne and payable on said first mortgage. Tbe proceeding was a bill in equity to compel the assignees of said first mortgage to note on the margin of the record of the mortgage a payment of $2,000, reducing the principal thereof to $10,000.

Markellos, the owner of premises No. 2012 Green St., Philadelphia, on November 25,' 1922, gave Dallam a bond and…