French v. Grand Beach Co.

L. M. French, by assignment, became the holder and owner of two promissory notes, the payment of which was secured by a real estate mortgage, executed by the Grand Beach Company, a corporation. On default in the payment of one of the notes, she elected to and did declare the entire principal sum of both notes due and payable, as provided for in the mortgage. She soon thereafter filed her bill in the circuit court for the county of Berrien, in chancery, to foreclose the mortgage, and on June 9, 1925, secured the usual decree of foreclosure, under which a sale, pursuant to the statutory…