HAYS, Circuit Judge:
State Bank of Albany appeals from an order of the United States District Court for the Northern District of New York which denied and dismissed its petition to review a decision by the Referee in Bankruptcy and affirmed that decision. We reverse.
The facts have been stipulated by the parties and we summarize them as follows:
On December 4, 1964, Riss Tanning Corporation, the bankrupt herein, executed a bond and real estate mortgage...
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