Farmers Savings Bank of Shelby v. Pomeroy

Sometime prior to July 31, 1924, certain real estate owned by appellee was sold on special execution to the appellant bank, to satisfy a junior mortgage executed by ap-pellee and held by- the bank. The sale left a deficiency judgment of $1,500. On application of the plaintiff (appellant herein) in the foreclosure action, a receiver was, on the above date, appointed by the court to lease the mortgaged premises and to collect the rent. A written lease was entered into with a tenant, and $2,983 later paid to the receiver as rent. This sum was disbursed for various purposes, sufficient thereof…