Independence Savings & Loan Ass'n v. Sellars

The opinion of the court was delivered by

Wedell, J.:

This was an action by The Independence Savings and Loan Association, to foreclose a real-estate mortgage and to permit it to apply upon the mortgage debt the withdrawal value of certain shares of association stock purchased by the defendant, Edith M. Sellars, and not pledged to the payment of the mortgage debt. The defendants prevailed, and plaintiff appeals.

The defendants were Edith M. Sellars, one of the mortgagors, Fred Sellars, Jr., and Edith M. Sellars, guardian of Fred Sellars, Jr. Fred J. Sellars,'husband of Edith M. Sellars, died…