Union Federal Savings & Loan Ass'n v. Hunt

This appeal involves a dispute between a senior and junior mortgagee over rents collected from the mortgaged premises by a receiver.

Appellant, Union Federal Savings and Loan Association, instituted this suit to foreclose upon certain residence property owned by Vincent E. Hunt, and pursuant to a mortgage thereon given by him to appellant association to secure a loan of $3,600. The complaint set up that the said Hunt was also indebted to the Union State Savings Bank and Trust Company, in the sum of $1,000, and had executed to it a subsequent and junior mortgage on the premises, to secure such…