Mills v. Mutual Building & Loan Ass'n

1 Tbe instrument tbe plaintiff executed to secure tbe indebtedness to tbe corporate defendant contained tbe following provisions : “It being distinctly understood and agreed by tbe parties hereto *667that in tie event of default in compliance with tbe terms hereof for a period of thirty days that the party of the second part shall be entitled to enter into possession of said lands for the purpose of collecting the rents and profits arising therefrom and applying the same upon the debts hereby secured, and he is hereby authorized and empowered so to do without formality or process of law. But if…