Interstate Business Men's Accident Ass'n v. Estate of Nichols

The note and mortgage involved in this suit were signed by A. P. Nichols and his wife, Alice M. Nichols. The mortgage pledges the rents and profits of the real estate as security for the payment of the mortgage debt, and provides for the appointment of a receiver. At the time of the execution of the mortgage, the title to the real property was in A. P. Nichols, who, thereafter, on February 6th, 1930, and prior to the time of the commencement of this action, died. A few days before his death, he conveyed the property to his wife. The petition asks for the foreclosure of the mortgage and the…