Auburn Insurance Agency, Inc. v. First National Bank

This is an appeal by one of the respondents from a decree overruling its demurrer *32to a bill in equity. The other respondent did not demur but answered the bill admitting the allegations. Appellant is the Auburn Insurance Agency, to which we will sometimes refer as the second mortgagee. The other respondent is the Auburn Manufacturing Company, to which we will sometimes refer as the mortgagor. Appellee is the First National Bank of Auburn, to which we will sometimes refer as the first mortgagee.

The bill seeks the foreclosure of several mortgages and makes the second mortgagee a party. The…