State Ex Rel. Com'rs of Land Office v. Gilbert

This appeal is from an order refusing to appoint a receiver in an action commenced by the state on relation of the Commissioners of the Land Office to foreclose a mortgage on farm land given to secure a loan from the state under the provisions of article 8, chapter 81, Comp. Stat. 1921, oommonly known as the “Home Ownership Act” Section 9483, Comp. Stat. 1921, is a part of this act and provides for the foreclosure of such mortgages upon default and for the appointment of a receiver in the following language:

“In case of default in payment of principal or interest due upon any loan made trader…