BELL FED. SAV. & L., ETC. v. LAURA LANES


291 Pa.Super. 395 (1981)

435 A.2d 1285

BELL FEDERAL SAVINGS AND LOAN ASSOCIATION OF BELLEVUE, formerly First Federal Savings and Loan Association of Bellevue, a corporation, v. LAURA LANES, INC., a corporation, and American Sports, Inc., a corporation, Appellants.

Superior Court of Pennsylvania.

Filed October 16, 1981.


Attorney(s) appearing for the Case

John M. Silvestri, Pittsburgh, for appellants.

Thomas J. Jackson, Pittsburgh, for appellee.

Before CERCONE, President Judge, and BROSKY and HOFFMAN, JJ.


HOFFMAN, Judge:

Appellants contend that the lower court abused its discretion in denying their petition to open a judgment confessed upon a mortgage note. We disagree and, accordingly, affirm the order of the court below.

On January 4, 1966, appellants borrowed $570,000 from appellee's predecessor in interest to finance a bowling alley and restaurant and signed a mortgage note containing standard acceleration...

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