LEAD: Mortgage and Realty Trust said today that it had filed a bankruptcy reorganization plan that called for creditors to be repaid in full with interest.

It was founded in 1904 by the African Realty Trust who developed a small farm into 2200 stands.

Safeguard Realty Trust, Blue Bell, Pa., an initial public offering of 9.64 million shares of beneficial interest.

Behind the selloff is the bankruptcy on April 12 of Mortgage and Realty Trust, affecting $150 million in outstanding commercial paper.

The Mortgage and Realty Trust, an investment trust that dealt mainly in commercial real estate mortgages, defaulted on its commercial paper in March.

Champ was vice president of the Realty Trust, and also one of the executors of Ziegler's estate.

Her grandfather Thomas J. Broyhill retired as the chairman of American Realty Trust, formerly in Arlington.

Patrick Clark, an agent with Realty Trust, said many of the buyers in South Waterfront are moving in from the suburbs.

New York Times, "Pennsylvania REIT to Buy Crown American Realty Trust," May 15, 2003.

The Continental itself declared bankruptcy in 1998, and was foreclosed on and closed by American Realty Trust in March 1999.