Savings Bank of Newport v. Stoneman

Heard on bill, answer and proof.

This is a bill of interpleader brought to determine the proper distribution of money now in the hands of the complainant in its capacity as mortgagee.

It appears that on the 14th day of September, 1918, the respondents, Michael Stoneman, his wife, Isabella Stoneman, and Mortimer A. Sullivan, then unmarried, to secure a loan gave to The Savings Bank of Newport a mortgage upon real estate owned by them in the town of Middletown. On May 12, 1931, the property was sold ac foreclosure sale and after the claim of the mortgagee was satisfied there remained in its hands…