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LIBERTY N.B. OF PITTSTON v. DEGILLIO

406 Pa. 127 (1962)

Liberty National Bank of Pittston v. Degillio, Appellant.

Supreme Court of Pennsylvania.

January 2, 1962.

Attorney(s) appearing for the Case

Nicholas R. Degillio, for appellants.

J. Earl Langan, for appellee.

Before BELL, C.J., JONES, COHEN, EAGEN and ALPERN, JJ.

OPINION BY MR. JUSTICE EAGEN, January 2, 1962:

On July 24, 1956, the defendants executed and delivered to the First National Bank of Wilkes-Barre, Luzerne County, Pennsylvania, a bond and warrant in the penal sum of $50,000 to secure the payment of a mortgage in the amount of $25,000 given on improved real estate owned by the defendants. The mortgagee bank later merged with the Second National Bank of Wilkes-Barre. On July 18, 1961, payments due on the mortgage being...

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