Broad & Market National Bank v. Larsen
New Jersey Court of Chancery
On bill, &c. On application for tbe appointment of a receiver of mortgaged premises.
1Opinion of the Court
Lane, V. C.
The mortgage was made June 1st, 1916, to secure the sum of $27,000, payable in one year. The premises mortgaged consist of three tracts; upon one of the tracts there is a prior mortgage of $5,000. On August 1st, 1917, the property was conveyed by the then owner to Frederick J. Collins, a real estate broker in the city of Newark. There is erected on the land three six-family apartment-houses. The gross rent amounts to $4,692 a year. To protect itself the complainant must take care of encumbrances aggregating $32,000. A bill to foreclose was filed September 27th, 1917. A technical…
2Cited by11 opinions
- Dart v. Western Savings & Loan AssociationArizona Supreme Court · 1968
- Putnam v. ClarkNew Jersey Court of Chancery · 1878
- Hutchinson v. BramhallSupreme Court of New Jersey · 1886
- Rehberger v. WegenerNew Jersey Court of Chancery · 1930
- Tate v. Security Trust Co.New Jersey Court of Chancery · 1902
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