Case ID: ny-st-rep_18/html/0664-01.html
Source: Caselaw Access Project
Author: {"author": "Barker, P. J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

George C. Wheeler, Resp’t, v. Horace B. Wheeler, App’lt.
    
      (Supreme Court, General Term, Fifth Department,
    
    
      Filed October 19, 1888.)
    
    Mortgage—Foreclosure—Owner of decree nr foreclosure—Action TO COMPEL ASSIGNMENT OF SAME.
    In an action to compel defendant, the owner of the decree in the foreclosure action, to assign and transfer the samo to the plaintiff on payment of the amount due thereon, it was f ound as a fact that the deceased vendor borrowed $1,600 for the purpose of paying off existing incumbrances of. one Simons, and gave his bond, promising to repay the sum secured by the said mortgage, and that it was agreed between the plaintiff and his father, at the time the money was loaned, that the former might pay the interest on the mortgage, and that the principal might be paid by him at such time as was satisfactory to the obligee and mortgagee Simons. The validity of the judgment and that the mortgage remains a lien upon the lands, notwithstanding the tender attempted to be made, is fully recog nized, and the defendant is permitted to proceed to sell the premises, if the plaintiff does not pay the defendant the amount due on the decree within the time mentioned in the judgment. Held, that the judgment should he modified by striking out the provision requiring the defendant to assign the judgment and also that the plaintiff recover costs. See S. C., ante, 445.
    Appeal from a judgment entered upon the decision rendered at the Yates county special term.
    
      W. S. Oliver, for appl’t; William T. Morris, for resp’t.
   Barker, P. J.

In this action the material facts are the same as in the action between the same parties just considered by this court, on the defendant’s appeal from the judgment entered in that action.

This action is to compel the defendant, the owner of the decree in the foreclosure action, to assign and transfer the same to the plaintiff, on payment of the amount due thereon. In this action, it is specifically found, as a fact, that the deceased vendor borrowed the $1,600 mentioned, for the purpose of paying off existing incumbrances of one John Simons, and gave his bond, promising to repay the sum secured by the said mortgage, and that it was agreed between the plaintiff and his father, at the time the money was loaned, that the former might pay the interest on the mortgage, and that the principal might be paid by him, at such time as was satisfactory to the obligee and mortgagee, Mr. Simons. The validity of the judgment, and that the mortgage remains a lien upon the lands, notwithstanding the tender attempted to be made, is fully recognized, and the defendant is permitted to proceed to sell the premises, if the plaintiff does not pay the defendant the amount due on the decree, within the time mentioned in the judgment.

_ The judgment should be modified, by striking out the provision requiring the defendant to assign the judgment, and also that the plaintiff recover costs against the defendant, and as modified, affirmed, with the costs of this appeal to be paid to the appellant by the respondent.

All concur.