Equitable Life Insurance v. Cook

Plaintiff foreclosed its real estate mortgage which was also a chattel mortgage on rents, profits and crops from the land “until the debt secured was paid in full,” and provided for the appointment of a receiver.

The decree was entered October 10, 1938, appointed H. R. Miller receiver, found that plaintiff under its chattel mortgage had a first lien on the 1938 rents, ordered the receiver to rent the real estate for the year beginning March 1, 1939, and to collect all rents accruing prior to the period of redemption and apply them “5th., to the payment of the deficiency judgment, if any”, and…