assignment of stock as collateral to his mortgage, released the latter, with actual notice of the existence of a subsequent mortgage on the land; held, that the prior mortgage was, so far as the right of the sub- sequent one was concerned, satis- fied to the extent of the value of the stock. Loan Assoc'n v. Beaghen, 98
5. A mortgagor who procures a third by him and receives the whole party to purchase a mortgage given proceeds, will not be permitted to assail its validity. Bush v. Cush- 131 man,
6. The assignee of a mortgage or any other chose in action, takes it sub- ject to all equities and defences existing between the original par- ties at the time of the assignment. No rights accruing after the assign- ment, or defences springing from defaults, or even fraud of the as- signor, committed subsequent to the assignment, and which had no existence, and were simply possi bilities at the time of the assign- ment, can affect the assignee. lb.
7. In ordinary cases, a mortgagee does not, by force of a contract of as- sumption of the mortgage, acquire a right of action against a purchaser of the mortgaged premises, but the benefit flowing to him from the contract is limited to a right to be subrogated to the rights of his debtor. He stands in his debtor's rights, and may appropriate, to the satisfaction of his mortgage, any security held by his debtor for its payment; he can, therefore, only have a personal judgment against the purchaser for his debt, when the mortgagor holds an obli- gation which will support such judgment. Crowell v. Currier, 152
8. A holder of a mortgage is not en- titled to a decree for deficiency against a purchaser of the mort- gaged premises, by virtue of his contract of assumption of the mort- gage, where, before the mortgage fell due, the purchaser re-conveyed to the mortgagor, who, by his deed, assumed the mortgage; the holder
of the mortgage having become the 13. The company, pendente lite, took
owner of it before the covenant of assumption, without reliance upon it as part of his security, and his conduct not appearing to have been, in the slightest degree, influenced by it. Ib.
proceedings to condemn the land under their charter, but caused the commissioners to appraise only the value of the land without the im- provements, (the elevator.) Held, that the condemnation being pen- dente lite, could not avail the com- pany as against the right of the mortgagee to the land and the im- Ib. provements.
14. An alleged parol assumption of a mortgage upon the premises, claimed to have been made at the time of their conveyance, held not proved. Wilson v. King, 374
15. A mortgage conveying only an estate for the life of the mortgagee, will not be reformed to convey a fee, as against the rights of a bona fide purchaser of the mortgaged premises for valuable considera- tion, without evidence of actual notice on the part of the purchaser, more extensive than the record of the mortgage itself. Ib.
12. A horse railroad company en- tered upon land with the consent of the owner, (the land being sub- ject to a mortgage,) and constructed thereon, at great expense, an ele- vator to raise their cars from the bottom to the top of a hill. Held, that the elevator was subject to the encumbrance of the mortgage, and that the company would not be en- titled to redeem the land on which they had constructed the elevator, by paying to the mortgagee the value of the land at the time when the company took possession. Booraem v. Wood,
Mortgages of real estate are usually in fee, but constructive notice of the existence, merely, of a mortgage, with no notice as to the estate it is intended to mortgage, will not be notice that the mortgage is in fee, if its terms convey a life estate only.
MORTGAGEE AND MORT- GAGOR.
GRANTEE AND GRANTOR, 6, 9. LIEN, PRIORITY OF, 4, 5. MORTGAGE, 1, 4, 5, 7, 10, 11. PRACTICE, 37.
PURCHASER, 5, 7.
not be discharged upon a counter 2. The only examination which the
2. When, to a bill filed by an admin- istrator against his intestate's co- partner for an account, and for a writ of ne exeat, the answer, deny- ing the right to an account, sub- stantially admits the correctness of the allegations of the bill as to de- fendant's statement of the assets of the firm, and the amount of its in- debtedness, but denies that the esti- mates were correct, and that de- fendant owes anything to the estate of the intestate-such denial can- not avail to discharge the writ. Ib.
3. Writ to be discharged, and the bond given under it canceled, on
Orphans Court can make on such an application, is as to whether the necessity for the sale of real estate does, in fact, exist; and on that head they are to accept the report of the administrator or executor, as to the amount of debts, unless the bona fides of his statement be as- sailed, and it be made a question whether the claims he reports have, in fact, been presented to him, or whether the amounts thereof be not mis-stated. In such case, they are not bound to accept his statement.
the defendant's giving bond, with 1. Where the bill alleges a parol con- security, in the sum for which bail was ordered.
See MORTGAGE, 15, 16. VENDOR AND PURCHASER.
See DELAWARE RIVER, 9, 11.
tract to purchase land at a sheriff's sale, for the benefit of the defend- ant in execution, an answer deny. ing the contract will be good without setting up the statute of frauds. The bar to the complain- ant's suit is then complete, because no proof of the parol contract can then be admitted, such proof being illegal by the statute. Wakeman v. Dodd, 564
2. The jurisdiction of equity to en- force a parol contract of this kind, rests upon the ground of fraud. The cases wherein such contracts have been enforced, have been where the facts, aside from the contract, have been evincive of fraud on the part of the purchaser. When the
parol contract has been made use of to mislead the complainant and deceive him out of his property, relief is afforded for that reason,
in fee, and they knew it, and were aware of the foreclosure proceed-
and not by virtue of the contract. 5. Persons having a right to be heard
3. The purchaser in this case, having been, at the time of the foreclosure
on a vital question, must be made parties before a decree will be made. Courter v. Stagg,
and sale, the complainant's confi- 6. To a bill against a woman as ex- dential adviser in regard to the ecutrix, her husband is a necessary
business and suit, was disabled by party. Wood v. Chetwood, such fiduciary relation from be-
coming a purchaser for himself. He 7. Where a sheriff has executed a deed must be held to have acted as her trustee, and be decreed to account.
to the purchaser at a sale under execution, and has received from the attorney of the plaintiffs in the judgment under which the land was sold, a receipt for the full amount bid, and delivered the deed to such attorney, he is not a necessary party to a suit by the purchaser against such attorney to compel the delivery of the deed. Whitney v. Kirtland,
8. A party who, though not a princi- pal, but an agent merely, holds a deed to a purchaser at sheriff's sale, and also money equitably be- longing to the purchaser, under agreement made at the time of the sale, and applicable under that agreement to the payment of the purchase money, is a proper if not a necessary party to a suit by the purchaser to compel the delivery of the deed. 15.
A voluntary partition between ten- ants in common, in all respects fair, equal and just, upheld, and a lien upon the lands held in com- mon, under a judgment against one of the co-tenants, held to have been transferred to the lands conveyed in the partition to the judgment debtor. Polhemus v. Empson, 190
If a judgment debtor has commit- ted waste of premises held by him and another person as tenants in common thereof, a purchaser at the sale of his interest in the property under execution on the judgment
must, in equity, accept the position" of the debtor in respect to the partition; for partition in equity will be made on equitable terms and principles. Ib.
See PRACTICE, 1, 3. TRUST AND TRUSTEE, 12.
consideration was paid to the ex- ecutors, it was paid in such a way as that it ought not to be regarded as having been paid to or received by them in their representative or trust capacity, the facts should have been set forth so as to enable the court to determine the charac- ter of the payment. Ib.
7. A defendant in a suit in equity has a right to insist that he shall be distinctly and plainly informed of the nature and foundation of the claim made against him, and to be notified by the bill what he has said or done which gives his ad- versary a right of action against him. An assertion of a claim against the defendant, by way of inference arising out of a recital in the bill of the finding of a master under an order of reference on er parte proceedings by the complain- ant on petition, is insufficient. Search v. Search,
8. No general rule defining what causes of action may be properly joined, and what cannot, can be laid down. The question is al- ways one of convenience in con- ducting a suit, and not of princi- ple, and is addressed to the sound discretion of the court. Ferry v. Laible,
Where it appears that the causes
of action or claims are so dissimi- lar or distinct in their nature that they cannot be heard and deter- mined together, but must be heard piecemeal, first one and then the other, a clear case of misjoinder is presented. 18.
10. But where a complainant has two good causes of action, each furnish- ing the foundation of a separate suit, one the natural outgrowth of the other, or growing out of the same subject matter, where all the defendants have some interest in every question raised on the re- cord, and the suit has a single ob- ject, they may be properly joined, and the objection of multifarious- ness or misjoinder will not be sus- tained. Ib.
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