Greenebaum Sons Bank & Trust Co. v. Kingsbury

The trust deed sought to be foreclosed conveyed not only the premises i-rt question but also the “rents, issues and profits” thereof, as security for the debt, and provided for the appointment of a receiver upon the filing of a bill to foreclose, without regard to the solvency or insolvency of the person or persons liable for the debt and without regard to the value of the premises. It is well settled by Illinois decisions that the rents and profits of land can be conveyed by mortgage; and that, when so conveyed, they constitute a primary fund equally with the land for the payment of the…