In re Euclid Building & Loan Ass'n

Gordon, Jr., P. J.,

This case is before us for audit of the first and partial account of the Secretary of Banking, receiver in possession of the Euclid Building & Loan Association. We have examined the account and, subject to the rulings hereinafter made, will confirm the account absolutely. The following claims -and exceptions were heard at the audit:

Claim of the Philadelphia Real Estate Investment Corporation

This claim is under an agreement for the extension of a mortgage of $3,000, now reduced to $2,575, executed by the association while it was the owner of a property subject to…