McKenerick v. Levin

Mr. Presiding Justice John J. Sullivan

delivered the opinion of the court.

Shortly after plaintiff, J. E. McKeneriek, filed the complaint to foreclose her first mortgage, one of the defendants, the owner of the equity of redemption, in order to avoid the expense of receivership executed an assignment of rents to plaintiff, which authorized her to pay ‘‘ all expenses for the care and management of such premises, including taxes and assessments and the interest on incumbrances.” A decree of sale was entered in the foreclosure proceeding and at the master’s sale held pursuant to the provisions…