Krewson v. Erny

Opinion by

Dithrich, J.,

March 15, 1920, Charles G. Erny, defendant, gave the North Philadelphia Trust Company his collateral bond accompanied by warrant of attorney as additional security for a bond and mortgage executed and delivered on the same date to the obligee by Charles D. Eberly and wife. The principal of the mortgage was $3500, payable within two years from the date thereof. The collateral bond written in the penal sum of the same amount was to indemnify and save the obligee harmless from any loss it might sustain by reason of any default in the terms and conditions of the mortgage.…