Ridge Investment Corp. v. Nicolosi

In a suit on a note given by the defendants-appeilants to plaintiff-respondent, in the sum of $197, representing the difference between the amount due plaintiff on its second mortgage on a property owned by defendants and mortgaged to Home Owners’ Loan Corporation, and the amount of bonds of said corporation and cash received by plaintiff for surrender and cancellation of its mortgage, the District Court judge gave judgment for plaintiff. Defendants appeal and urge that the giving of any pledge or security over and beyond such amount as may be paid by the Home Owners’ Loan Corporation is in…