Sulken v. United Holding Co.

Egan, V. C.

This is a suit to foreclose a mortgage because of default in the payment of interest and taxes. The defendant United Holding Company, on June 3d, 1931, executed a bond and *276mortgage for $150,000 to Jean E. Kayden, the defendant. Subsequently, on March 21st, 1935, the defendant Hildreth Varnish Company, Incorporated, borrowed from the complainant the sum of $5,000 for which it gave its promissory note which was endorsed by Gustave L. Kayden. To secure the payment of that note, the mortgagee, Jean E. Kayden, assigned by written instrument to the complainant, the bond and mortgage. The…