Sullivan & Sons Manufacturing Co. v. Ideal Building & Loan Ass'n

Opinion by

Me. Justice Simpson,

Plaintiff below (appellee here) is tbe owner of 926 Sedgley Avenue in the City of Philadelphia, subject to a building association mortgage of $87,500 dated January 10, 1927, given to and still held by the defendant association. This indebtedness is also secured by a transfer, as collateral security, of 450 shares of defendant’s stock in the 30th series. Each month since the series began in April, 1926, down to and including June, 1932, defendant had been paid the sum of $996.88, made up of $450 monthly dues on the stock, $437.50 monthly interest on the mortgage…