Chetlain v. De Grazie

NOTE. I. The assignee of a mortgage or a trust deed takes it subject to existing equities between the mortgagor and the mortgagee. McAuliffe v. Reuter, 166 Ill. 491; Buehler v. McCormick, 169, Ill. 269; Olds v. Cummings, 31 Ill. 188; Chicago Title & Trust Co. v. Aff, 183 Ill. 91; Bouton v. Cameron, 205 Ill. 50; S. C. 72 App. 264; Elser v. Williams, 104 Ill. App. 238; Romberg v. McCormick, 194 Ill. 205; Napieralski v. Simon, 198 Ill. 384; Humble v. Curtis, 160 Ill. 193; Thompson v. Shoemaker, 68 Ill. 256; Summer v. Waugh, 56 Ill. 531; Sroelowitz v. Schultz, 86 Ill. App. 341.—Ed. II. The assignee of a trust deed or mortgage in order to protect his rights must give notice to the grantor. Napieralski v. Simon, 198 Ill. 384; McAuliffe v. Reuter, 166 Ill. 491; Sheldon v. McNall, 89 Ill. App. 138; Buehler v. McCormick, 169 Ill. 269; Williams v. Pelley, 96 Ill. App. 346; Sroelowitz v. Schultz, 191 Ill. 249; &. C. 86 Ill. App. 341.—Ed.