Strimling v. McDonald

Action by the assignee thereof to foreclose a second mortgage on a Minneapolis apartment house property, known as Inverness Court. The Bankers National Bank of Minneapolis, hereinafter referred to as the bank, appeals from an order appointing a receiver of the rents and profits pending the action.

There was a first mortgage, originally for $77,000, under the foreclosure of which for the remaining debt of $73,926.45 the period of redemption will expire November 9, 1926. In addition thereto and senior to plaintiff’s second mortgage are liens of mechanics and ma-terialmen, said to aggregate…