Brunswick Realty Co. v. University Inv. Co.

This is an action in equity. Respondent is the assignee of the Salt Lake Security & Trust Company, hereafter called trust company. It brought the action January, 1910, to foreclose a mortgage originally given for $10,-000. The mortgage in question was payable in monthly installments of $250 each, and it was provided therein that, in case an installment should remain unpaid for a period of thirty days or more, the payee might declare the whole debt due and enforce payment thereof in an action of foreclosure. It is alleged in the complaint that the maker was in default and that when the action…