Hathaway v. Miller Investment Corp.

This is an appeal from .the appointment of a receiver of mortgaged premises in the course of foreclosure in equity.

July 26, 1926, the Vinton Company, a corporation, executed to the Union Trust Company of Detroit a real estate mortgage to secure the payment of $40,000, by August 1, 1931. The mortgage provided that the mortgagee, or its successors or assigns, should have the right to a receiver over the rents and profits of the premises upon commencement of foreclosure proceedings, together with the right of possession for such purpose. September 13, 1926, the mortgage was assigned to the Union…