New Home Federal Savings & Loan Ass'n v. Trunk

MUELLER, J.,

On February 23, 1979, defendant Joseph A. Trunk, hereinafter referred to as Trunk purchased a house located at 276 West Walnut Street, Marietta, Pa. Trunk paid $2,800 down in cash and borrowed the balance of $25,200 from plaintiff New Home Federal Savings and Loan Association (hereinafter referred to as plaintiff) with a mortgage to secure the repayment of the loan. The note required Trunk to repay plaintiff over a term of 25 years with interest at the rate of ten percent per annum. The mortgage form was a standard form used by plaintiff since 1975, the FNMA/FHLMC Uniform…