Sutton v. Schnack

On July 24, 1935, the First Trust Joint Stock Land Bank of Chicago Sled its petition to foreclose a real estate mortgage given by Agnes Murphy and others. The mortgage contained a receivership clause. This petition affecting real estate was duly indexed by the clerk of the district court in compliance with the Us pendens statute section 11092. A decree of foreclosure was entered May 28, 1936, appointing M. L. Sutton receiver, who was authorized and directed to take immediate possession of the real estate and collect the rents and profits. There was a deficiency judgment of $2,550. The owners,…