N.J. National Bank, C., Co. v. Wolf

Complainants move that defendants be enjoined from collecting the rents of the mortgaged premises and from interfering with complainants' collection thereof, and that the tenants be restrained from paying the rents to anyone except complainants and that the tenants be ordered to pay their rents to complainants pending the suit. Complainants hold two mortgages, each encumbering a twenty-one family apartment house. Each mortgage contains this provision —

"That in the event of any default in any covenant in said bond contained, said mortgagee may enter, take possession of the mortgaged premises…