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ALPFARM CO., INC. v. DEFENSE LOAN AGENCY, INC.

27 N.J. Super. 95 (1953)

99 A.2d 183

ALPFARM COMPANY, INC., PLAINTIFF, v. DEFENSE LOAN AGENCY, INC., A BODY CORPORATE OF THE STATE OF NEW JERSEY; STATE OF NEW JERSEY; THE MORTGAGE CORPORATION OF NEW JERSEY, A BODY CORPORATE OF THE STATE OF NEW JERSEY; N. LOUIS ROSDAHL; UNITED STATES OF AMERICA; BUSCH BROTHERS, INC.; VERDI WOODCRAFT COMPANY, INC.; OLSON FLOORING COMPANY, INC., DEFENDANTS.

Superior Court of New Jersey, Chancery Division.

Decided August 17, 1953.

Attorney(s) appearing for the Case

Mr. Herbert W. Britt, attorney for plaintiff.

Messrs. Riker, Emery & Danzig, attorneys for defendants Defense Loan Agency, Inc., and The Mortgage Corporation of New Jersey.

Messrs. Morrison, Lloyd & Griggs, attorneys for defendant N. Louis Rosdahl.

Mr. Grover C. Richman, Jr., United States Attorney.

GRIMSHAW, J.S.C.

This is an action for the foreclosure of a purchase money mortgage given to the plaintiff by a corporation known as Godfrey Estates, Inc. The dispute between the parties to this litigation is over the effectiveness of a release given by the plaintiff freeing from the lien of its mortgage two lots known as 22 and 23, Block 281, on a map entitled, "Map of Closter Village, Section 3, Closter, Bergen County, N.J."

The sequence of events is as...

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