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RIVERSIDE PROPERTIES v. TEACHERS INS., ETC.

No. B2151.

590 S.W.2d 736 (1979)

RIVERSIDE PROPERTIES, Appellant, v. TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, Appellee.

Court of Civil Appeals of Texas, Houston (14th Dist.).

Rehearing Denied November 7, 1979.

Attorney(s) appearing for the Case

Ben H. Sheppard, Jr., Vinson & Elkins, Houston, James H. DeVries, Frank R. Krok, Thomas J. Smedinghoff, McBride, Baker, Wienke & Schlosser, Chicago, Ill., for appellant.

Howard V. Rose, Walter H. Mizell, Brown, Maroney, Rose, Baker & Barber, Austin, Dan G. Matthews, Fulbright & Jaworski, Houston, for appellee.

Before COULSON, SALAZAR and JUNELL, JJ.

COULSON, Justice.

This appeal is from an interlocutory order appointing a receiver for an apartment project and directing the receiver to collect rent and to make payments to the mortgagee on a secured note pending foreclosure.

Appellee Teachers Insurance and Annuity Association of America (Teachers) is the owner and payee of a promissory note dated March 16, 1971 for the original sum of $2,600,000.00. The promissory note is secured by a recorded deed of trust...

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