Beneficial Mutual Savings Bank v. Murray

REED, J.,

In March, 1974, defendants, Francis and Patricia Murray executed and delivered to plaintiff, Beneficial Mutual Savings Bank, a mortgage upon the premises at 8 Palmers Mill Road. The mortgage in the sum of $90,000 was duly recorded and accompanied by a note in the same amount.

The mortgage came into default, no payments having been made on the account of principal and interest since January 1, 1983. According to Act of Assembly of January 30, 1974 at P.L. 13 No. 6 at Article IV § §403 and 404 (41 P.S. § §403 and 404), Notice of Intention to Foreclose the Mortgage was forwarded to…