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PRUDENTIAL INS. CO. OF AMERICA v. LAND ESTATES

11 F.Supp. 544 (1935)

PRUDENTIAL INS. CO. OF AMERICA v. LAND ESTATES, Inc.

District Court, S. D. New York.

April 16, 1935.

Attorney(s) appearing for the Case

Clark & Reynolds, of New York City (E. F. Clark, of New York City, of counsel), for complainant.

Henry M. Bellinger, of New York City, for defendant.

Greenbaum, Wolff & Ernst, of New York City, for receivers.

PATTERSON, District Judge.

The application is for an order directing the receivers of Land Estates to pay over to the plaintiff a fund of $11,752.16. The receivers were appointed on August 18, 1933, on creditor's bill.

The New York Title & Mortgage Company owned a $250,000 bond and mortgage on premises at Indian road and West 215th street, New York City. The mortgage contained a covenant by the owner to pay the taxes and made nonpayment a ground of foreclosure...

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