Klein v. Dunn

Opinion by

Mr. Justice Barnes,

The Reading National Bank, now The Reading National Bank and Trust Company, was the trustee under a mortgage dated January 20, 1925, upon premises Nos. 122-130 North Front Street, in the City of Reading, in the principal sum of $50,000, given by The Catholic Literary and Social Union, a corporation, to secure an issue of bonds in the same amount. * The mortgagor failed to pay the taxes assessed against the premises for the year 1930, and defaulted in the payment of interest on January 20, 1931. With the exception of the sum of $200 paid on account, the mortgagor…