Werner v. Mercantile & Theatres Properties, Inc.

Bonniwell, J.,

The above case was heard before Bonniwell, J., without a jury on May 16, 1940.

No witnesses were produced and no testimony was taken. By stipulation of counsel certain material facts were admitted.

From these admitted facts and the pleadings herein, the court finds as follows:

Plaintiff is the holder of a $1,000 bond, being one of a series of bonds of one James J. Clifford, obligor.

Payment of these bonds is secured by a mortgage or deed of trust which was given by the said Clifford to the Bank of Pittsburgh National Association, as trustee.

*80The bonds by their terms are subject to…