First Trust Joint Stock Land Bank v. Jansen

Anderson, J.-

This action involves the rights to rents and profits arising from mortgaged premises, as between the mortgagee and an assignee of leases upon the mortgaged premises. Both the plaintiff, the First Trust Joint Stock Land Bank of 'Chicago, and the intervenor, W. H. Scott, Inc., appeal, but the intervenor, having perfected its appeal first, will be designated as appellant, and the plaintiff will be designated as appellee.

The record discloses that the appellee held a mortgage for $38,000 upon the real estate involved, and commenced an action to foreclose the same in the district court…