Jersey Bond, C., Co. v. Wesp Bldg. Co.

Complainant sues to foreclose mortgage. The issues are as to the priorities of the several encumbrances.

Defendant Mrs. Di Fabio holds two purchase-money mortgages on the premises aggregating $5,000, dated May 17th, 1928.

Complainant, mortgage company, holds a $7,000 mortgage made May 26th, 1928, recorded June 4th, 1928 — being a construction loan or advance money mortgage.

May 29th, 1928, Mrs. Di Fabio executed agreements with complainant, subordinating her mortgages aforesaid to the lien of complainant's said mortgage; these were recorded June 5th, 1928.

Brodhead Murphy Company has a judgment…