Central Trust Co. v. McGurn

By this appeal the defendant, Christopher J. McG-urn, seeks to reverse an order appointing a receiver in a mortgage foreclosure suit.

On December 14, 1929, complainant filed its verified bill to foreclose a trust deed given to secure an indebtedness of $190,000 on certain real estate in Chicago. The indebtedness was evidenced by a series of bonds and it was alleged that bonds aggregating $38,500 had beeen paid; that on August 1, 1929, default was made in the payment of 10 bonds of $500 each and a default in payment of interest due on the same date of more than $4,900; that the owners of the…