Section 554.212 - Assignment; validity against mortgagor and occupiers of premises. - Michigan Statutes

RENTS AND PROFITS UNDER TRUST MORTGAGE (EXCERPT)
Act 228 of 1925

554.212 Assignment; validity against mortgagor and occupiers of premises.

Sec. 2.

The assignment of rents and profits, when so made, shall be a good and valid assignment of rents as against the mortgagor or mortgagors or those claiming under or through them from the date of the recording of the trust mortgage or deed of trust, and shall operate against and be binding upon the occupiers of the premises from the date of the filing by the trustee or trustees in the office of the register of deeds for the county in which the property is located of a notice of default in the terms and conditions of the trust mortgage or deed of trust, and service of a copy of such notice upon the occupiers of the mortgaged premises.

History: 1925, Act 228, Eff. Aug. 27, 1925 ;-- CL 1929, 13499 ;-- CL 1948, 554.212