Philadelphia Saving Fund Society v. Stern

Opinion by

Mr. Justice Stern,

In 1922 defendants purchased from Michael Weinstein premises 5051 and 5055 Ogden Street, Philadelphia, and delivered to him a purchase-money bond and mortgage in the principal sum of $1,800 on each property, payable at the expiration of three years. In 1923 they conveyed the premises to Rubin Waxelblatt and Benjamin Perlstein under and subject to these mortgages. Waxelblatt and Perlstein executed second mortgages to Sixtieth and Market Streets Building and Loan Association and in 1924 conveyed to Harry Yelshin under and subject to the two mortgages on each…