Leeds v. Gifford

Vaw Fleet, V. C.

This is a foreclosure suit, and the question on which the parties are at variance is, What are their respective rights in certain rents of the mortgaged premises ? The premises are subject to five mortgages. The first two and the last two are held by the defendant. The complainant holds the third, being the one standing midway between the defendant’s first two and last two. The defendant took possession of the mortgaged premises, under all four of his mortgages, on the 31st day of January, 1885, pursuant to an arrangement with the mortgagor. The premises were at that time in…