Pearl-Market Bank & Trust Co. v. Edward D Woodward Co.

OPINION

By MATTHEWS, J.

This is an appeal from a judgment rendered by the Court of Common Pleas of Butler County upon issues raised by the cross-petition of the State Superintendent of Insurance on behalf of The Union National Life Insurance Company, an intervenor, against the plaintiff, The Pearl-Market Bank & Trust Company, its answer and the reply thereto. ' These parties will be called Insurance Company and Trustee respectively in this opinion.

The Trustee instituted this action in foreclosure of a mortgage under the terms of which it — mortgagee— was trustee to secure a bond issue. The…