Guaranty Trust Co. v. Feldman

Defendants Isadore Feldman and Louis Milgrom and their wives executed and delivered to plaintiff a trust mortgage securing an issue of bonds in the principal sum of* $130,000. The mortgaged property is an apartment and store building.

The mortgage contains a provision whereby rents and profits from the mortgaged property are assigned to the trustee as further security. It also recites consent of the mortgagors to the appointment of a receiver for the benefit of bondholders upon default and the commencement of foreclosure i proceedings. Mortgagors defaulted for principal, interest, taxes, and…