Fidelity Union Trust Co. v. Schubert

The bill seeks the foreclosure of a mortgage which the defendant counter-claimant, Julius Vinik, executed with Richard D. Vinik. It, among other things, alleges the execution of the bond and mortgage, and the conveyance of the mortgaged premises to three successive grantees, the first of whom assumed payment of the mortgage debt. In June, 1932, the mortgagee executed an agreement with the last grantee to extend the time for the payment of the mortgage. The defendant Julius Vinik filed an answer in which he admitted some of the allegations of the bill and put the complainant on its proof as to…