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TWIN CITY FEDERAL S. & L. ASS'N v. COCHRANE

No. 50355.

295 N.W.2d 87 (1980)

TWIN CITY FEDERAL SAVINGS AND LOAN ASSOCIATION, Respondent, v. John A. COCHRANE, et al., Appellants.

Supreme Court of Minnesota.

July 3, 1980.

Attorney(s) appearing for the Case

Cochrane & Bresnahan and Steven I. Winer, St. Paul, for appellants.

Mackall, Crounse & Moore, Clay R. Moore, John B. Lundquist, and Donna L. Roback, Minneapolis, for respondent.

Heard before SHERAN, C.J., OTIS and PETERSON, JJ., and considered and decided by the court en banc.

SHERAN, Chief Justice.

This appeal involves a challenge to the reasonableness of an award of attorneys fees to the mortgagee incident to the conduct of a statutory receivership for the collection and disposal of rents following the initiation of foreclosure by advertisement. We affirm.

On August 24, 1977, Twin City Federal (TCF) lent John Cochrane and James Bresnahan $1,650,000 which was secured by a mortgage and security agreement on a tract of land at 360...

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