Ewald v. William Fairchild, Inc.

By bill filed February 19th, 1947, complainant seeks to foreclose a real estate mortgage dated July 16th, 1946, executed by defendant William Fairchild, Inc., to complainant to secure the payment of $6,500 in installments to be paid monthly until June 1st, 1954. Complainant's right to foreclose is based on the allegation that at the time of filing the bill defendant was in default in payment of taxes levied against the mortgaged premises which became payable August 1st, 1946, and taxes which became payable November 1st, 1946, the mortgage containing a provision that if such default continued…