Acquackanonk Bldg., C., Passaic v. Parsonnet

Complainant brought suit to compel specific performance by the defendant of an agreement wherein it was provided that the complainant should procure title, either by foreclosure or otherwise, to certain real estate on which the complainant held first mortgage and the defendant held a second mortgage, and that the title would "be taken by the said Augusta B. Parsonnet, who will thereupon execute to the Acquackanonk Building and Loan Association new first mortgages of $11,000 each on houses Nos. 729 and 731, and a new first mortgage of $11,500 on house No. 738 Second avenue, Lyndhurst, New…