Court of Appeals for the Sixth Circuit August 25, 1982, Nos. 80-1737, 80-1748 and 80-1754 (First Federal Savings & Loan Ass'n v. Detroit Bond & Mortgage Investment Co.)

lead-opinion

PER CURIAM.

In 1977, the Michigan Court of Appeals in Nichols v. Ann Arbor Federal Savings & Loan Association, 73 Mich.App. 163, 250 N.W.2d 804 (1977) held that “due-on-sale” clauses in mortgages could not be enforced unless the lender could prove that resort to such clause was reasonably necessary to protect the lender from the impairment of its security.