Security Trust Co. v. Solomon
Michigan Supreme Court
1Opinion of the CourtSharpe, C. J.
In this suit, brought to foreclose a mortgage executed to plaintiff as trustee to secure a bond issue, and in which it was appointed a receiver of the property, the trial court allowed it for “expenses for attorneys’ fees” the sum of $1,500. The defendant Lena Solomon, a second mortgagee, appeals from such allowance.
This court has repeatedly held that a specified sum stipulated in a mortgage to be chargeable as attorneys’ fees on foreclosure is not enforceable. Curtis v. Mueller, 184 Mich. 148, and cases cited.
This mortgage provided:
“Upon sale being made by any of the methods in this…
2Cases cited3 opinions
- Curtis v. MuellerMichigan Supreme Court · 1915
- Union Trust Co. v. Electric Park Amusement Co.Michigan Supreme Court · 1910
- Union Trust Co. v. Detroit & River St. Clair RailwayMichigan Supreme Court · 1901
3Cited by10 opinions
- In Re Howarth EstateMichigan Court of Appeals · 1981
- State Bar Grievance Administrator v. CoraceMichigan Supreme Court · 1973
- In Re Schafer's BakeriesDistrict Court, E.D. Michigan · 1957
- Butzel v. Webster Apartments Co.Court of Appeals for the Sixth Circuit · 1940
- Michigan National Leasing Corp. v. CardilloMichigan Court of Appeals · 1981
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