Coster v. Monroe Manufacturing Co.
New Jersey Court of Chancery
The bill in this cause was filed for the foreclosure of a mortgage given by Francis Mann and wife and John W. Berry and wife to the complainant, bearing date on the first day of February, eighteen hundred and thirty-one, to secure the payment of twenty thousand dollars.
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The bill in this cause was filed for the foreclosure of a mortgage given by Francis Mann and wife and John W. Berry and wife to the complainant, bearing date on the first day of February, eighteen hundred and thirty-one, to secure the payment of twenty thousand dollars. The answer of the defendants, (t The Monroe Manufacturing company,” admits the bond and mortgage as stated in the complainant’s bill; but states, that the mortgaged premises were sold and conveyed by the complainant and others to Francis Mann and John W. Berry, by deed bearing even date with the complainant’s mortgage, for the…
1Opinion of the Court
The Chancellor.
This bill is filed on a mortgage made by Francis Mann and John W. Berry to the complainant, to secure the payment of twenty thousand dollars. The validity of the mortgage is not questioned, but the defendant claims to have a deduction from its amount for the reasons stated in the answer. By the answer, which is sustained by the proofs, it seems that the mortgage covers what was formerly known as the Beaver woollen factory, but latterly the Rutgers cotton factory mills and buildings, and lot of land whereon they stand, in the town of Paterson. This mill, being owned by several…
2Cited by4 opinions
- Bellisfield v. HolcombeNew Jersey Court of Chancery · 1927
- Curtiss-Warner Corp. v. ThirkettleNew Jersey Court of Chancery · 1926
- Levine v. Lafayette Building Corp.New Jersey Court of Chancery · 1928
- Myers v. FoxNew Jersey Court of Chancery · 1929