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UNITED STATES SAVINGS BK. v. CONTINENTAL ARMS, INC.

338 A.2d 579 (1975)

UNITED STATES SAVINGS BANK OF NEWARK, NEW JERSEY, a corporation of the State of New Jersey, Assignee of Colonial Mortgage Service Company, Plaintiff, v. CONTINENTAL ARMS, INC., a corporation of the State of Delaware, Defendant.

Superior Court of Delaware, New Castle.

May 14, 1975.

Attorney(s) appearing for the Case

Norman N. Aerenson, Aerenson & Balick, Wilmington, for plaintiff.

Courtney H. Cummings, Jr., Wilmington, for defendant.

OPINION

O'HARA, Judge.

On July 20, 1972, a mortgage was entered into between defendant, the mortgagor, and the Colonial Mortgage Service Company ("Colonial"). Colonial at the same time assigned the aforesaid mortgage to the plaintiff, United States Savings Bank of Newark, N. J.

Defendant made its monthly payments on the mortgage for the period up to and including May 1, 1974. Installments for July, August, September and October, 1974, were not paid...

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