Ripley v. Lucas

In December, 1926, plaintiff’s decedent, Mary J. Bradley, entered into a contract with defendants for her lodging, board and care during the balance of her life. At that time she was possessed of two real estate mortgages totaling $4,200. The agreement provided that the Akron State Bank of Akron, Michigan, should collect interest and payments on these mortgages and remit the same by draft payable to the three contracting parties. The mortgage papers were to be held in trust by the bank during the lifetime of Mrs. Bradley and upon her death were to be delivered to defendants together with the…