First Wisconsin National Bank of Milwaukee v. Brynwood Land Co.

Plaintiffs allege that on or about November 1, 1933, defendant Brynwood Land Company made, executed, and delivered a trust deed to B. D. Heifetz, Ben Lewenauer, Leo Mann, and A. J. Bitker to secure the payment of a bond issue in the sum of $125,000, the mortgagor operating a public golf course on the premises; that the bonds are in default both as to principal and interest, and plaintiffs, First Wisconsin National Bank and A. J. Bitker, are the owners-and holders of bonds of the par value of $35,500, with interest unpaid in the sum of $9,940. It will be seen that these do not constitute a…