May Realty Co. v. Forsdick

The court was authorized to find that some part or all of the two loans was due and unpaid; that the property had depreciated in value since the loans were made, and was not worth the amount of the loan; that the taxes and insurance premiums were not paid; that Mas-sell Holding Company was in possession, collecting the rents, but not protecting the property by paying taxes, insurance, and repairs. The loan deed on the property executed by Eugitt to Eorsdick provided that , if the debt should not be paid when due, or by reason of default, the latter might enter upon and take possession of said…