Case Name: Doe on demise of Devereux and the State Bank v. Roe and Marsoratti
Court: Supreme Court of North Carolina
Jurisdiction: North Carolina
Decision Date: 1824-12
Citations: 3 Hawks 338
Docket Number: 
Parties: Doe on demise of Devereux and the State Bank v. Roe and Marsoratti.
Judges: 
Reporter: North Carolina Reports
Volume: 10
Pages: 338–342

Head Matter:
Doe on demise of Devereux and the State Bank v. Roe and Marsoratti.
¡>From New Hanover, J
The act of ÜT89, ch. 312, ” for the more easy redemption of mortgages,” applies in those actions of ejectment only in which the parties stand in their original simple stale of mortgagor and mortgagee.
Ejectment for a tract of land of five acres, on the island opposite the town of Wilmington.
The plaintiff gave in evidence a mortgage from Hanson, Kelly for the land in dispute, executed to the State Bank of North Carolina, dated August 1, 1818, to secure the sum of $16,000.
Also, a deed from the State Bank to T. P. Devereux, lessor of tlie plaintiff, purporting to convey its interest in the aforesaid five acres, dated March 18, 1822.
Also, a certified copy of a deed of bargain and sale, from Hanson ICelly to Marsoratti the defendant, for the tract of five acres, and also for two other acres adjoining the same, and not included in Kelly’s mortgage deed to the State Bank. This was dated December 31, 1818.
Also, a deed fi'om Marsoratti to Burgwin and Reston,' conveying one moiety of the premises which had been conveyed by Kelly to Marsoratti, dated August, 1819; a deed fx’oxn Reston to Burgwin for the same, dated 14th December1, 1819, and a deed from Burgwin to Campbell, Holmes and London, trustees, to secure a debt due the Bank of Cape Fear, dated 15th December, 1819.. - This deed conveyed much real and personal property, including that which Marsoratti had conveyed to Burgwin and Reston.
The defendant then exhibited the original deed from Hanson Kelly to Marsoratti, dated 31st December, 1818; and proved that Charles J. Wright, who was at that time president of the Wilmington branch of the State Bank, (to which the debt was due which the mortgage was given to secure,) wrote the deed and became a subscribing witness thereto; and further, that Marsoratti knew before his pxxrchase from Kelly, that the land had been mortgaged by Kelly to the State Bank.
He also proved that the State Bank verbally autho-x'ized ICelly to find a purchaser for the five acres which-he had mortgaged, and to sell the same on a credit fox*’ g 3000, (the agreed value of the five acres,) to be secured by a bond or note satisfactory to the State Bank; and-when the sum was so secured, the baxxk was to relinquish, its lien under the mortgage. Marsoratti agreed to give Kelly g 4000 for the lands coixveyed in the deed of 31st December, 1818; g 1000 whereof was paid down, and jg 3000 was to be secured to the State Bank by a good note: and before Marsoratti purchased of Kelly, he called -on the officers of the State Bank at Wilmington to know upon what terns they would release their lien upon the five acres, and was informed that it should be done, upon Kelly’s securing to them the payment of g 3000.
The defendant then offered in evidence resolutions of the State Bank, Wilmington Branch, declaring that whenever the proprietors of the steam saw mill should pay g 3000, the bank would relinquish the mortgage made by Kelly, and showing that Burgwin, and Reston afterwards offered their note for g 3000, endorsed by Bridges, on renewal of which when it became due the bank required another endorser: Burgwin did not give another endorser, but in lieu thereof deposited the notes of other persons as collateral security, to be retained until a satisfactory and unexceptionable note was given.
On the 15th of April, 1820, the note of Burgwin for g 3000, endorsed by Hevereux and C. J. Wright, was offered for discount by Wright, at the Wilmington branch of the State Bank, and was discounted, and the proceeds placed to the credit of Wright, and this note was deemed by the' bank satisfactory and unexceptionable,' and the notes deposited were ordered to be given up to Burgwin. On the morning of the 18th of April, 1820, C. J. Wrightp then president of the bank, came into the banking room, drew a check for g 3000, and acting officially,' directed the clerk to credit Hanson Kelly’s account with g 3000, and to charge Wright’s account with the same; and after the entries were thus made, Wright declared that the State Bank had no longer any interest in the five acres of land, that it was extinguished, and that Marsoratti’s title thereto was now good and complete. There was no evidence of any payment on the mortgage from Hansom Kelly, except the g 3000 paid by Bnrgwin’s note, which was made long after the time when the money due by the mortgage was payable. The bank executed no formal release of its interest.
Various questions were made below on these facts, all of winch were determined for the plaintiff. The only question here made, was on the act of 1789, ch. 312. «TV*. li.

Opinion:
Hall, Judge.
I think it was the object of the act of 1789, jRev. ch. 312. entitled " an act for the more easy redemption of mortgages," to put it in the power of the Combs of Law to finally put an end to suits brought under deeds of mortgage against mortgagors, as long as the parties thereto stood in their original simple state of mortgagee and mortgagor, and their relation to each other in that respect had not become more complex and encumbered with subsequent arrangements, as in the present case. For instance, Kelly became indebted to the branch State Bank, and gave a mortgage on the 1st day of August, 1818, to secure to them the sum of §16,000, for the land in question, and other property; this suit is brought for that property, or part of it. What, under the act, is expected to be done? Why, that all the principal monies and interest due on such mortgage, shall be brought into Court. This has not been done. But it is said the reason is that Kelly and the bank had entered into new arrangements; that Marsoratti, who claims the is land through Kelly, shall have the island, provided he pays § 3000 and interest. Be it so. This is a new arrangement between the parties since the mortgage was given, and it is upon such arrangement that the defendants argue that they are entitled to the benefits of this act of assembly, and not upon the original contract under the mortgage. But I am of opinion that this Court, or the Court below, have not cognizance of this second contract under that act of assembly, evidenced by bank resolutions and the note discounted in the bank in part discharge of Kelly's debt; these are circumstances which the defendant has it in his power to make available, as far as at present appears, in some other way than by this application to have this ejectment dismissed upon his proving that he has paid $ 3000 in conformity to the second agreement that he made with the hank. I think we have no authority under that act. to incorporate the second agreement of the parties with the first which they made when the moi'tgage Was given, and act upon both. Were we to be led off from the beaten road by this after agreement, there is no certainty where we should stop. Agreement after agreement might present itself, all connected with the original agreement under the mortgage. It has assumed too complex a shape to he adjusted in this action under that act of assembly.
Per Curiam. Let the rule for a new trial he discharged.