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FIRST PHILADELPHIA REALTY CORP. v. ALBANY SAV. BANK

Civ. A. No. 84-587.

609 F.Supp. 207 (1985)

FIRST PHILADELPHIA REALTY CORPORATION v. ALBANY SAVINGS BANK.

United States District Court, E.D. Pennsylvania.

May 16, 1985.

Attorney(s) appearing for the Case

Michael S. Silberman, Andrew Elash, Philadelphia, Pa., for plaintiff.

Rush T. Haines, II, Robert J. Hoelscher, Drinker, Biddle & Reath, Philadelphia, Pa., for defendant.

MEMORANDUM

RAYMOND J. BRODERICK, District Judge.

Plaintiff, First Philadelphia Realty Corporation (Realty), has filed this diversity action for a declaratory judgment seeking this Court's interpretation of the language in certain mortgage instruments held by the defendant, Albany Savings Bank (Albany). Specifically, Realty asked the Court to determine whether the mortgage instruments permit the mortgagor to make a substantial prepayment of principal without...

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