Krosnowski v. Krosnowski

The opinion of the court was delivered by

Heher, J.

The action here is to foreclose one of 11 mortgages covering certain parcels of real property in Kew Jersey, given September 28, 1955 by the corporate defendant, Garford Trucking, Inc., to the individual defendant, Ignatz J. Krosnowski, to secure the payment of $400,000, an obligation assigned, in turn, by the latter to the plaintiff, Walter A. Krosnowski, as collateral security for the payment of $190,000 to the plaintiff, each representing an interest in common with other members of the Krosnowski family, as will presently appear.

Both the…