Di Battista v. Mortgage Security Corp. of America

ROBB, Associate Justice.

Appeal from a decree in the Supreme Court of the District dismissing appellant’s bffl.

In December, 1926, Harry A. Bramow was the owner of land in the District of Columbia upon which he desired to erect a building. He entered into an agreement with the Mortgage Bond & Guaranty Corporation under which the company was to loan him the sum of $110,000, payable five years after date, with interest at 6% per cent, per annum, payable semiannually. The amount of the loan was to be advanced to Bramow as the building progressed. He executed and delivered to appellees Elite and…