Anthracite Trust Company Case

Opinion by

Keller, P. J.,

This matter was correctly decided in the court below.

The appellee, Chris Colovos, was a depositor and borrower of Anthracite Trust Company of Scranton, Pa., hereinafter called Anthracite.

He gave his promissory note to Anthracite for $4,000, containing, inter alia, the following clause: “Having deposited collateral security for the payment of this or any other liability or liabilities to said holder hereof, due or to become due, or that may be hereafter contracted, the following property, viz:

Bond & Mtg.”

The bond and mortgage given by Colovos to Anthracite as collateral…