Michigan Supreme Court June 29, 1933, Calendar 37,024 (Lambrecht v. Lee)

lead-opinion

Sharpe, J.

On April 1,1930, the defendant Robert Sehomberger and Annie, his wife, executed a mortgage on certain real estate in the city of Detroit to Union Guardian Trust Company, as trustee, in the sum of $10,000, to secure the payment of 23 promissory notes of $400 each, payable monthly thereafter, and one for $800, payable April 1, 1932.