Chambersburg Trust Co. v. Alexander

Opinion by

Drew, J.,

This is an appeal by a lien creditor from an order of the court below, overruling appellant’s exceptions to an amended schedule of distribution of the proceeds of a sheriff’s sale.

On September 1, 1927, The Valley National Bank of Chambersburg, appellant, took from William Alexander his bond and mortgage for $60,000', which mortgage was at once recorded and became a first lien on the six properties which it covered.

On July 26, 1929, appellant entered judgment on the mortgage bond and on the same day other creditors of Alexander, among whom was the Chambersburg Trust Company,…