Case Name: Elie Sivade et ux., appellants, v. Florence H. Smith et al., respondents
Court: New Jersey Court of Errors and Appeals
Jurisdiction: New Jersey
Decision Date: 1929-05-20
Citations: 104 N.J. Eq. 528
Docket Number: 
Parties: Elie Sivade et ux., appellants, v. Florence H. Smith et al., respondents.
Judges: 
Reporter: New Jersey Equity Reports
Volume: 104
Pages: 528–529

Head Matter:
Elie Sivade et ux., appellants, v. Florence H. Smith et al., respondents.
[Decided May 20th, 1929.]
On appeal from an order of the court of chancery advised by Vice-Chancellor Ingersoll, who filed the following opinion:
“The defendant Florence EL Smith held a second mortgage upon certain premises. She held the bond of the complainant for which said mortgage was given as security. The first mortgage was foreclosed, and at the sale resulting therein, it was purchased by Wilbert Beaumont for an amount less than that due upon the first mortgage. Therefor a deficiency arose, and judgment was entered upon the bond of complainant.
“In Wheeler v. Ellis, 56 N. J. Law 28, it was held that the statute “Act concerning proceedings on bonds and mortgages and .the foreclosure and sale of mortgaged premises thereunder,” approved March 12th, 1880, and the amendment thereof passed March 23d, 1881, Rev. Supp. 498, &c. (now Comp. Stat. p. 340), deals only with the bond of the complainant in foreclosure.
“The court of errors and appeals, in Schmidt v. Frey, 86 N. J. Law 215 (at p: 217), said: ‘We see no reason to question the soundness of the decision in Wheeler v. Ellis, 56 N. J. Law 28.’
“The amendment made to the act above referred to, laws of 1915, chapters 178, 339 (Cum. Supp. Comp. Stat. p. 1972), does not affect the question now before us.
“The statute not applying to the bond upon which the judgment in question was recovered, the order to show cause must be vacated.”
Mr. Garitón Godfrey and Mr. William I. Garrison, for the appellants.
Messrs. Thompson & Eanstein, for the respondents.

Opinion:
Per Curiam.
The order appealed from will be affirmed, for the reasons stated in the opinion filed in the court below by Vice-Chancellor Ingersoll.
For affirmance — The Chiee-Justice, Trenchard, Parker, Kalisch, Black, Campbell, Lloyd, Case, Bodine, White, Van Buskirk, McGlennon, Kays, Heteield, Dear, JJ. 15.
For reversal — Fone.