1040 S. Main St. Holdings, L.L.C. v. LARS Assocs., L.L.C.

1 Citing case

  1. WBCMT 2003-C9 Island Living, LLC v. Swan Creek Ltd. P'ship

    Case No. 14-cv-14243 (E.D. Mich. Oct. 23, 2017)   Cited 1 times

    ID 97 ("Upon or at any time after the occurrence of ... an Event of Default . . . Lender shall immediately be entitled to possession of all Rents and sums due under any Lease Guaranties, whether or not Lender enters upon or takes control of the Property."). This case is materially distinguishable from the primary case on which Swan Creek relies, 1040 South Main St. Holdings, L.L.C. v. LARS Assocs. No. 12-12143, 2012 WL 6047454 (E.D. Mich. Dec. 5, 2012). In that case, upon the borrower's default, the lender directed the tenants at the mortgaged property to send any rental payments to its office.