Riverside Apartment Corp. v. Capitol Const. Co.

This is a suit to foreclose a mortgage on a large apartment house and the tract of land on which it is built in Cranford, Union county. The premises were sold pendente lite for $142,500 and the proceeds paid into court. Subsequently, by order made in this cause, the complainant was paid and there now remains a surplus to be disposed of, amounting to $70,347.21, besides interest accrued. There was a reference to a master, who reported encumbrances in the following order of priority:

Mortgage of Shilowitz and Tucker .................... $23,482.00 Mortgage of Cartaret Company…