Fruzynski v. Phillips

Complainants loaned Stanley Phillips and Mary Phillips, the defendants, $5,000 secured by a second mortgage on premises described in the bill of complaint. The bond accompanying the mortgage was signed by Andrew Jablonski, the petitioner herein, complainants having refused to make the mortgage loan until Jablonski, a brother-in-law of the defendants, signed the bond. The mortgage was foreclosed, and in the proceeding Jablonski was, pursuant to P.L. 1932 p. 509, made a party defendant to the foreclosure suit. At the sale complainants purchased the premises for $100 subject to a prior mortgage…