Haning v. Dunlop

The Greene County Savings Bank commenced foreclosure of the second mortgage in April, 1924. It obtained a decree in December of the same year. The decree awarded a receivership, under the provisions of.'the mortgage, for the' rental income for the year 1925, and.Freeland was appointed as such receiver. Execution sale was had in April, 1925, wherein the mortgagee bid the full amount of its judgment, less $1,000, for which sum it held a deficiency judgment. The foreclosure decree conferred upon the receiver “the usual power to take possession of said property and collect and hold the rents and…