Megginson v. Hall

Charles Maxday was indebted to Y. George in a sum in excess of $44,000. Maxday had given George deeds of trust securing various parts of this indebtedness, which deeds contained the following provision: “That in case of any default, whereby the right of foreclosure occurs hereunder, the said party of the second part or the holder of said note or certificate of purchase, shall at once become entitled to the possession, use and enjoyment of the property aforesaid, and to the rents, issues and profits thereof, from the accruing of such right and during the pendency of foreclosure proceedings and…