Court Opinion

ID: 7375645
Source: CourtListenerOpinion
Date Created: 2022-07-28 23:46:09.622249+00
Date Added: 2024-06-11T16:21:12.205574
License: Public Domain

By the Court.
The mortgage is wholly distinct from, and collateral to, the note, affording the creditor a separate and distinct remedy. If the mortgagee, after payment of the debt, refuses or neglects to discharge the mortgage, the mortgagor has a remedy by action. Rev. Sts. c. 59, § 34. But further, the defence presupposes, that the law will compel a creditor to release his collateral security as a condition precedent to obtaining judgment; when obtaining judgment is only one step, and that often a very remote one, towards obtaining satisfaction. To state such a proposition is sufficient to refute it.

Judgment of the court of common pleas for the plaintiff affirmed.