Appelbaum v. First Nat. Bank of Birmingham

ANDERSON, Chief Justice.

This is a bill filed by the grantee of the mortgagor, Appel Investment Company, Inc., seeking to set aside the foreclosure •of the mortgage and be let in to redeem under the equity of redemption, and for general relief.

The mortgage was given to secure a loan of $12,500 made by the mortgagee to, said Appel Investment Company, Inc., and used by it to discharge^two mortgages previously executed covering the property involved; one to the mortgagee for $6,-000, and the other to the Protective Life Insurance Company for $1,500, and to pay an indebtedness of M. A. Appelbaum…