[Download] "Broadway Nat. Bank Chelsea v. Hayward Et" by Supreme Court of Minnesota ~ eBook PDF Kindle ePub Free
eBook details
- Title: Broadway Nat. Bank Chelsea v. Hayward Et
- Author : Supreme Court of Minnesota
- Release Date : January 26, 1934
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
LUMMUS, Justice. This case comes up on appeal from a final decree after the sustaining of demurrers to a bill which alleged the following facts: One Stober, owning real estate in Boston, had mortgaged it for $85,000 to one Clisby, and the mortgage and mortgage note had been assigned to the defendants Boston Penny Savings Bank as collateral security for a loan of $60,000 to Clisby. Clisby also had made a second assignment of the mortgage and mortgage note, subject to the preceding assignment, to the plaintiff Broadway National Bank of Chelsea as collateral security for a loan of $25,000 to Clisby. The equity of redemption in the real estate had passed from Stober to the defendant Hayward as trustee of the Glenwood Trust.