Pichel Estate

Opinion by

Mr. Justice Benjamin B. Jones,

On February 4, 1948, Charles Pichel and Mary Pichel, his wife (Pichéis), gave a mortgage on their property located in Fairmount Township, Luzerne County,. to the Wyoming National Bank of Wilkes-Barre (Bank), to secure their note in the amount of $5,500. On September 9, 1954, Pichéis executed another note in the amount of $914.40 to the Bank.

On January 19, 1955, William F. Pichel (decedent), brother of Charles Pichel, purchased from the Bank all Pichéis’ obligations (i.e., the mortgage and bond, the note for which the mortgage was security and the 1954…