Latt v. Schwehm

Soot, C. C. J.

This ease comes to me for trial without a jury.

From the evidence and exhibits marked in evidence, it appears that on November 6th, 1926, plaintiffs agreed, in writing, under seal, to convey to defendant certain real estate in Atlantic City for a consideration of $60,000 to be paid as follows:

$2,000 upon signing of agreement.

$30,000 by the assumption of an existing first mortgage.

$15,000 by the assumption of an existing second mortgage.

$3,300 in mortgages to be assigned.

$9,700 cash at settlement.

Settlement was in fact made as of February 7th, 1927.

Subsequent to the settlement…