Thirteenth Ward B. L. Ass'n v. Kanter

Kanter Cohen, builders, purchased a piece of property, 481 William street, East Orange, subject to a purchase-money mortgage, and gave one in part payment. Before commmencing the building of an apartment house they gave a mortgage to the Plaza Realty Company for $20,000; after commencing they gave it another for $15,000. Then they gave one to the complainant for $125,000; the Plaza Realty Company subordinating its mortgages to the complainant's. When the building was nearly completed Kanter Cohen became bankrupt. Mechanics' lien claims were filed by Colonial Woodworking Company, Henry R.…