Court Opinion

ID: 8503173
Source: CourtListenerOpinion
Date Created: 2022-11-23 01:24:40.919012+00
Date Added: 2024-06-11T16:50:46.431306
License: Public Domain

Woodbury, J.
If an action at law can be sustained on this statement, it is probably the present one.(1) Bat at common law. when the condition, of a mortgage has been broken, the subsequent income of the estate, as well as the title, seems to be vested absolutely in the mortgagee. Pow. Mart. ch. 6. In England, however, courts of chancery interfere and relieve the mortgagor from the forfeiture incurred by non-payment at the stipulated time. Yet there, it is those courts alone which, on application for an account or for redemption, compel the mortgagee to make allowance for the net profits received from the premises pledged. Pow. Mort. ch. 20, — 3 Mass. Rep. 138, 154.
But in New-Hampshire no court of chancery has ever been created. The common pleas, and this court, possess a few chancery powers ; but they are such only as have been expressly conferred by statute, and consequently cannot be exercised except on occasions and in the-manner prescribed by the statute. Vide ante, Lund vs. Lund, p. 39. Our acts of . February 16, 1791, and January 16, 1795,(2) are all that exist here in relation to the subject of mortgages, and they contain no provision whatever for compelling the mortgagee to account. The forfeiture of the estate, as at common law, is prevented, and a mode designated by which the title can, on the performance of certain conditions, become revested -in the mortgagor. But they proceed no further. ' Whether, under the general rule, that when a mortgage is sued, judgment shall be rendered for the sum due, we could deduct from the debt all the profits of the estate before that time received by the mortgagee, it is unnecessary now to decide. Nor do we determine whether, if a mortgagor, after an entry by the mortgagee for the purpose of foreclosure, tender to him the sum due, deducting the net income, he would not be entitled to a reconveyance on a petition in the mode prescribed in our statute of January, 1795. But we are satisfied that no principle exists at common law, and thát no provision hath been made by our statutes, which *163will enable the mortgagor to recover the profits in the present action. Whether it would not be expedient for the legislature to enact such a provision, is a different question ; it being our duty jus dicere, non jus dare.

Plaintiff nonsuit.

 1 Mass. Rep. 433, Cummings & Wife

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