Sylvania Savings Bank v. Turner

The defendants appeal an order of the trial court denying their motion filed under GCB, 1963, 528 for relief from a default judgment. We affirm.

The defendants mortgaged two parcels of real estate, a restaurant and their home, to plaintiff Community Savings and Loan Association to secure repayment of a $40,000 indebtedness. They defaulted in paying required installments of principal and interest.

Community Savings acquired the fee to the restaurant by purchase at a mechanic’s lien foreclosure sale, subject to a right of the defendants to redeem from the sale. * 1 Thereafter, but before…