Chromy v. Midwest Federal Savings & Loan Ass'n of Minneapolis

Arthur Chromy appeals from a nonfinal order appointing a receiver in a mortgage foreclosure action. For the following reasons, we reverse.

Midwest Federal Savings & Loan Association holds a mortgage and security agreement on property purchased by Chromy; Chromy assumed the mortgage. The agreement provides that, if the mortgagor defaults and Midwest sues to enforce the agreement, Midwest is entitled to the appointment of a receiver to take possession of the mortgaged property. Upon Chro-my’s default, Midwest filed an unverified complaint for foreclosure and immediately moved for appointment of…