NICHOLS v. ANN ARBOR FED. SAVINGS AND LOAN ASS'N

Docket Nos. 25528, 25529.

73 Mich. App. 163 (1977)

250 N.W.2d 804

NICHOLS v. ANN ARBOR FEDERAL SAVINGS AND LOAN ASSOCIATION KEMPF v. ANN ARBOR FEDERAL SAVINGS AND LOAN ASSOCIATION

Michigan Court of Appeals.

Decided January 5, 1977.


Attorney(s) appearing for the Case

James P. Lawson, for plaintiffs Nichols.

Lawrence A. Thompson & Associates, P.C., for plaintiffs Kempf.

Laird & Grace, for defendant.

Before: M.F. CAVANAGH, P.J., and R.M. MAHER and BEASLEY, JJ.


R.M. MAHER, J.

Defendant Ann Arbor Federal Savings and Loan Association held a mortgage on certain real estate located in the City of Brighton owned by Mr. and Mrs. Kempf. The mortgage contained a provision that allowed defendant to demand immediate payment of the entire mortgage debt if there was any change in ownership of the property.

Approximately six months after the execution of the mortgage, the Kempfs sold the property in question to the Nichols on...

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