Chicago Title & Trust Co. v. Johnson

Upon a verified bill of complaint filed April 2, 1932, praying for the foreclosure of a trust deed executed October 25, 1926, by Elmer J. Lavine and Ellen- M. Lavine, his wife, to secure 178 bonds of the aggregate amount of $48,000, on June 9, 1932, the chancellor appointed-a receiver for the premises conveyed to the trustee and described in the bill. The bonds were to be paid serially, and the last series matured on October 25, -1931. The trust deed contained a provision that upon the filing of any bill for the purpose of foréelos-„ irig, the court might at any time thereafter, either before…