Moore v. Muskegon Trust Co.

On January 1, 1928, Glade E. Moore, being tbe owner of certain realty located in tbe city of Muskegon, mortgaged the same to tbe Bankers Trust Company, later known as tbe Muskegon Trust Company, said mortgage securing 19 bonds wbicb were held by 12 individuals. Thereafter, on December 23, 1932, tbe Bankers Trust Company, pursuant to its usual practice, assigned tbe mortgage to itself as trustee. Upon default in payment of principal, interest and taxes, tbe mortgage was foreclosed by advertisement and bid in by tbe Bankers Trust Company as trustee for tbe sum of $10,417.14, the sheriff’s deed…