Equitable Trust Co. v. Milton Realty Co.

Since this case was submitted, other cases involving a similar question have been presented to this court. We have, in this opinion, given due consideration to the arguments of counsel and the briefs filed in those cases (decisions in which immediately follow).

The bill of complaint filed herein alleged that on March 1, 1929, William J. McDonald, Jr., and his wife executed a mortgage to the Central Trust Company, of Detroit, now the Equitable Trust Company, on certain real estate in that city to secure the payment of bonds in the sum of $85,000, payable serially within seven years from date.…