AUGUSTUS N. HAND, Circuit Judge.
The debtor, R. A. Security Holdings, Inc., owns a single parcel of real estate at 107 West 86th Street, New York City, subject to a mortgage in the principal sum of $825,000 and unpaid interest. It acquired the title subject to this mortgage but never assumed an obligation to pay the indebtedness which was that of the Prudence Bonds Corporation and was guaranteed by the Prudence Company Inc. The Brooklyn Trust Company held participation...
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