Chase, J. In and prior to 1913 the real property • in the city of New York known as No. 115 McDougal street, was incumbered by a mortgage of $27,000 which was a first lien thereon — a mortgage of $4,000 which was a second lien thereon — a mortgage of $1,000 which was a third lien, thereon — and a mortgage of $7,000 which was a fourth lien thereon. The fourth mortgage covered two oth…
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