Court Opinion

ID: 9546061
Source: CourtListenerOpinion
Date Created: 2023-08-07 17:24:19.189528+00
Date Added: 2024-06-11T15:15:56.558053
License: Public Domain

CROCKETT, Chief Justice
(concurring specially).
I am not impressed with the contention that plaintiff bank engaged in chicanery in making the assignment to Hancock with an ulterior purpose of cheating the defendants. It could engage in such a transaction to protect its own interests. It is to be kept in mind that the redemption period on the foreclosure of the first mortgage by First Security Bank had expired on January 8, 1958. Plaintiff Continental Bank’s security on its second mortgage was in hazard and its arrangement with Hancock appears to have been in an effort to save itself from a loss.
The sole question that gives me concern is whether, irrespective of the assignment to Hancock, the Continental Bank was obliged to accept the payment of their debt the defendants claim they tendered on January 31, 1958. In that connection I think it important to note the defendants had prior notice of the assignment to Hancock; and further, that when the tender was made Continental reminded the defendants of this and advised them to get in touch with Hancock. There is no indication that they did so; nor that they tendered the debt to Hancock, nor renewed it *333to Continental. Nor is it made to appear that they ever redeemed, or were actually in a position to redeem, the property from the mortgage foreclosure by First Security. For these reasons, I concur in the summary judgment in favor of the plaintiff and dismissing the defendants’ counterclaim.