Cerwin v. Taub

GANT, Judge.

This is an action which wandered through various chambers of the Jefferson Circuit Court for 52 months and concerns a foreclosure action on the Mayflower, a large apartment-hotel in Louisville, in which a restaurant was operated as a separate business.

On March 13, 1972, IIT, a real estate investment trust, whose trustees are Appel-lees herein, filed a foreclosure action against Ormsby, Inc., the mortgagor of a $620,000.00 mortgage on the aforesaid Mayflower. The Appellants were made defendants in this action as holders of a $255,-000.00 junior lien on this property. On March 31,…