Lincoln National Life Insurance v. Brack

Hilton, Justice.

Appeal from an order of the district court appointing a receiver of certain properties owned by the defendants.

On August 1, 1932, the defendants executed and delivered to the Royal Union Life Insurance Company a mortgage deed to certain property situated in the city of St. Paul, consisting of apartments, residential property, etc., containing about 15 family units, to secure their promissory note in the amount of $32,500 with interest. Thereafter by virtue of certain proceedings, which it is unnecessary to relate, plaintiff became the owner of the mortgage and the no'te…