Morris County Bank v. Rockaway Manufacturing Co.
New Jersey Court of Chancery
This was a hill to foreclose two mortgages on certain real estate of the Rockaway Manufacturing Company, in which sundry lien claimants, who had filed lien claims for labor and materials furnished in the erection and repairing of buildings on the mortgaged premises were made defendants. The controversy in the cause was mainly concerning the validity and order of priority of the lien claims of W. R. and M. Sayre, and J. Decasse, two of the defendants.
1Opinion of the Court
The Chancellor.
The bill is filed to foreclose two mortgages, held by the complainants against the property of the Rockaway Manufacturing Company.
The first mortgage, for $20,000, bears date on the thirteenth of November, 1854, and was recorded on the fifth of January, 1855. It was given by Freeman Wood and wife, the then owners of the premises, and constituted an encumbrance thereon when title was acquired by the Rockaway Manufacturing Company.
The second mortgage bears date on the twenty-second of February, 1856, and was recorded on the fifth of May ensuing. It was executed by the Rockaway…
2Cases cited1 opinion
- Witman v. WalkerSupreme Court of Pennsylvania · 1844
3Cited by2 opinions
- WASHINGTON CONSTRUCTION CO., INC. v. SpinellaNew Jersey Superior Court Appellate Division · 1951
- Chesebro-Whitman Co., Inc. v. EDENBORO APTS.New Jersey Superior Court Appellate Division · 1965