P.-P. T. Co. v. Polish N.C. Ch.

In 1921 a number of members of the congregation, including appellant, loaned the Holy Family Polish National Catholic Church, Carnegie, Pennsylvania, various sums of money. In 1927 it was decided that these loans should be secured by a bond and mortgage on the church property subject to a prior mortgage of $14,000 which had been given some years before to a bank. Accordingly, on November 21, 1927, a bond and mortgage were executed to Peoples Savings Trust Company of Pittsburgh (now Peoples-Pittsburgh Trust Company), the mortgage being in the sum of $50,000, and a trust agreement was entered…