Guardian Depositors Corp. v. Hebb

Plaintiff sued defendant to recover a deficiency claimed to be due upon a note and mortgage after foreclosure and sale of the mortgaged property by advertisement. Plaintiff was the owner and holder, for value, of the note and mortgage in question, and purchased and acquired the premises at mortgage sale. The note and mortgage were given by defendant April 25, 1927, for $15,000, due three years after date. The property in question was sold at mortgage foreclosure sale for $7,500, and plaintiff claims the amount due on the covenant to pay included in the mortgage, with interest to March 15,…