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UNITED STATES v. ACADEMY APARTMENTS, INC.

Civ. No. 580.

230 F.Supp. 110 (1963)

UNITED STATES of America, Plaintiff, v. ACADEMY APARTMENTS, INC., Defendant.

United States District Court D. Minnesota, First Division.

October 22, 1963.

Attorney(s) appearing for the Case

Axel B. Anderson, of Lord & Anderson, Owatonna, Minn., for receiver.

Patrick J. Foley, Asst. U. S. Atty., Minneapolis, Minn., for United States of America.

Jerome Sicora, Asst. Atty. Gen., St. Paul, Minn., for State of Minnesota.

NORDBYE, District Judge.

The Receiver was appointed at the instance of the United States acting for and in behalf of the Federal Housing Commissioner. The Academy Apartments, Inc., had executed a real estate mortgage on May 1, 1950, to the Northwestern Federal Savings and Loan Association of Minneapolis to secure a loan in the sum of $171,000. The loan was insured by the Federal Housing Administration on May 19, 1950, pursuant to Section 1743, Title 12 U.S.C., and...

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