Case ID: johns-ch_2/html/0485-01.html
Source: Caselaw Access Project
Author: {"author": "The Chancellor,", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

*Brinckerhoff against Thallhimer.
    [ * 486 ]
    Where the interest on a mortgage is payable annually, and the principal at a future period, on a bill for a foreclosure and sale, for nonpayment of interest, the whole, or a part of the premises, will be sold, as the Court may deem just and necessary, on a special report of the master, as to the situation of the premises, and as to the best mode of sale; and an order, from time to time, as the interest or principal becomes due, for a future sale, may be obtained, on the foot of the decree, on obtaining the master’s report as to the amount due, &c.
    
      June 17th.
    BILL to foreclose a mortgage executed by the defendant to the plaintiff, on the 24th of March, 1813, on a lot or parcel of land at Clifton Parle, in the town of Halfmoon and county of Saratoga, containing about 180 acres, to secure the payment of 3,000 dollars, in seven years from the 1st of April, 1813, with interest, annually. The master reported 752 dollars and 16 cents due for interest. The bill was taken pro confesso. A decree was accordingly made, in the usual form, for the sale of the mortgaged premises, or so much thereof as should be necessary to raise the interest due, and costs, and which could be sold separately without material injury to the parties, or either of them.
    
      Riggs, for the plaintiff.
   The Chancellor,

to ascertain whether the ends of justice, and the interest of the parties, required a sale the whole, or only of a part of the premises, Ordered, that in case the master, employed to make the sale, should have doubts on that point, he should, then, before he proceeded to a sale, cause a map of the whole premises to be made, and report the same with the facts and reasons on which his doubts arose, respecting the propriety of selling the *whole or only a part of the premises, to the end that directions might thereupon be given. And, with respect to the interest and principal to grow due, and payable thereafter, the following order was entered:

“And, inasmuch as it appears by the bill, and the said master’s report, that the said mortgage is to secure the principal sum of 3,000 dollars, which is not yet payable, and the interest thereof, which is payable, annually, on every first day of April, and that, therefore, interest will become payable to the plaintiffs hereafter, as well as the said principal sum which ought to be raised out of the said mortgaged premises, by future sales thereof, in case the whole of the said premises shall not be sold under the foregoing order of sale: it is, therefore, further ordered, that the plaintiffs shall be at liberty hereafter, and from time to time, as the said annual interest shall become payable, or when the said principal sum shall become due, to go before a master upon the foot of this decree, and obtain a report as to the sum then due and payable, to the end that such report being made to this Court, an order may thereupon be made, for a further sale of the residue of the mortgaged premises, or parts thereof, to satisfy what shall so be reported due, with the costs attending such report and sale.” 
      
      
         Vide Marshall v. Thompson, (3 Munford’s Rep. 412.) where a similar order was granted in chancery, in respect to the future arrears of an annuity.