New Jersey Court of Chancery March 27, 1936 (Colonial B. L. Assn. v. Mongiello Bros., Inc.)

This matter comes before me on exceptions to a master's report. The facts in the case are that complainant, the holder of a first mortgage known as an installment building and loan mortgage, for the principal sum of $45,000 covering property in Bayonne, New Jersey, owned by the defendant Mongiello Brothers, Incorporated, began foreclosure of its mortgage.