Union Guardian Trust Co. v. Marquette Park Co.

Defendant Marquette Park Company appeals from foreclosure decree determining said defendant liable for mortgage indebtedness and deficiency resulting from foreclosure sale.

On December 1,1927, Prank L. H. St. Amour and wife executed trust mortgage to the Guaranty Trust Company of Detroit, as trustee, covering property located at 14500-14502 Bast Jefferson avenue, Detroit, together with rents and profits therefrom. Such trust mortgage was given to secure an indebtedness of $60,000, represented by six per cent, first mortgage bonds executed .by the St. Amours and maturing serially, $3,000 on…