Reading Trust Co. v. Campbell

Opinion by

Arnold, J.,

This case involves questions as to the recovery of real estate taxes on lands sold on a mortgage, and purchased by the mortgagee, where no proceeding was had under the Deficiency Judgment Act of July 16, 1941, P. L. 400 (12 P. S. 2621.1 et seq.). The facts appear by a case stated in an action of assumpsit: One Denny in 1915 gave his bond and mortgage to Reading Trust Company. The debt of $75,000 was secured by real estate in the city of Johnstown. The mortgagor covenanted both in the mortgage and bond to pay the real estate taxes, and that if not paid by him the mortgagee…