Union Guardian Trust Co. v. Stillman

The bill of complaint herein was filed for the primary purpose of foreclosing a trust mortgage covering apartment property located in the city of Detroit. Plaintiff is the trustee under the mortgage and incident to the foreclosure asked for the appointment of a receiver, injunctive relief and determination of the amount of fees to be paid to the trustee for its services. The trust mortgage, given to secure payment of a $50,000 bond issue, was exe euted on November 1, 1926, by Edwin H. Stillman and wife, wbo then held fee title to the property. By warranty deed dated January 17,1928, the…