Appellate Division of the Supreme Court of the State of New York December 4, 1925 (Forman v. Lumm)

Burr, J.:

The facts agreed upon are substantially as follows: Thomas H. Thorn, for several years prior to his death on January 29, 1922, owned four adjoining lots on the west side of Carpenter avenue, in *580the borough of The Bronx, New York city. These lots were subject to a blanket mortgage for $3,000, and in 1921 were worth $1,500 each.