Continental Bank & Trust Co. of New York v. Nineteenth & Walnut Streets Corp.

BUFFINGTON, Circuit Judge.

In this case it appears that on July 7, 1924, the Nineteenth & Walnut Street Corporation (hereafter called Nineteenth), the owner of the Rittenhouse-Plaza Apartment (hereafter called Plaza), gave a duly recorded mortgage to Walter S. Klee to secure a bond issue of $3,200,000. Subsequently this mortgage was duly assigned to the Continental Bank & Trust Company of New York (hereafter called Continental) and thereafter Nineteenth conveyed the premises, subject to said mortgage, to the Rittenhouse-Plaza Apartment Corporation (hereafter called Rittenhouse), the present…