Reliant B. L. Assn. v. Sauter

Complainant's bill was filed to foreclose two real estate mortgages given by defendants Charles C. Kronmeyer and wife to, and still held by, complainant building and loan association now in voluntary dissolution by trustees chosen by its shareholders. The pertinent allegations of the bill are as hereinafter stated.

April 18th, 1935, said defendants executed their bond to complainant conditioned for payment of $3,000 in monthly installments of $18.75, until fifteen shares of stock in said association owned by the obligors and assigned to the association as collateral security for the payment of…