Chinn v. Sheridan Hardwood, Inc.

This is a suit to foreclose a mortgage executed by defendant Sheridan Hardwood, Incorporated, to plaintiffs. The mortgage covered Sheridan Hardwood’s leasehold interest in certain real property. The lease contained an option to purchase. Sheridan Hardwood exercised the option and after purchasing the real property conveyed it to defendants, E. R. Bailey and Geneva A. Bailey. The latter were joined as defendants in the -foreclosure suit. They alone appeal from the decree of foreclosure.

A more detailed statement of the case is set forth in the opinion of the circuit judge, the Honorable William…