Selikowitz v. Merchants B. & L. Assn.

Opinion by

Keller, J.,

On December 2,1915, Giovanni Antrilli and his wife borrowed $2,300 from the Merchants Building and Loan Association of West Philadelphia, giving their bond, secured by a straight first’ mortgage on premises 714 Fulton Street, Philadelphia, payable at any time within one year from date, and transferring as additional security eleven and one-half shares of stock of the building and loan association which they took out at the same time, and on which they were to pay instalments of $11.50 per month toward the maturity value of $200 per share. Subsequently they obtained a…