Cullen v. Government Savings & Loan Co.

This case was heard by the court without intervention of a jury upon the exhibits stipulated by the *126parties, the testimony of the secretary of the defendant, Government Savings & Loan Co., and the arguments and memoranda of counsel for the parties. The single issue presented is whether under the terms of a written pledge agreement providing collateral security for a' mortgage, the pledgee may charge the pledgor principal and interest, taxes, insurance premiums, late charges and court costs after the judgment entry and decree of foreclosure is entered. The issue is one of first, and because of…