Case ID: ny-sup-ct_10/html/0210-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

UNION DIME SAVINGS INSTITUTION v. JOSEPH W. DURYEA, GIBBONS L. KELTS, and others, Appellants, and HENRY C. BISPHAM, Respondent.
    
      Surplus moneys—judgment “ secured on appeal ” — effect of restoration of lien of.
    
    On the 17th of March, 1878, Bispham recovered a judgment against Keech, which was, on the twenty-eighth of the following July, marked “ secured on appeal.” On the 39th of December, 1878, a new trial was granted, on the ground of newly discovered evidence, the judgment being ordered to stand as security. Between the twenty-eighth of July and the twenty-ninth of December, Keech, in order to secure a prior indebtedness, executed a mortgage on the premises in question to Kelts & Co., who, in consideration thereof, extended the time of payment of their account against Keech. On an application for the distribution of the surplus moneys arising upon the sale of the premises under a prior mortgage, held, that the mortgage of Kelts & Co. should be paid in preference to the judgment.
    Appeal from an order of the Special Term,' sustaining the exceptions of the respondent, Bispham, to the report of a referee, appointed in an application for the distribution of the surplus moneys arising on a sale upon the foreclosure of a mortgage.
    
      Alex. Ost/rander, for the appellants.
    
      Bewj. T. Kissam, for the respondent.
   Opinion by Barrett, J.

Davis, P. J., and Daniels, J., concurred.

Order reversed, with costs and disbursements; exceptions to the referee’s report overruled, and motion to confirm report granted, with ten dollars costs.